SDLP - Seadrill Partners LLC closes the tender rig T-16 transaction
October 21 2013 - 1:10PM
London, United
Kingdom, October 21, 2013 -
We refer to the press release dated October 11, 2013, which
announced the transaction to acquire the T-16 tender rig.
Seadrill Partners LLC has completed the previously announced
transaction to acquire the T-16 tender rig from Seadrill Limited
with effect from October 18, 2013.
The agreed upon acquisition is for a total
purchase price of US$200 million, less approximately US$93 million
of debt outstanding under the credit facility secured by the T-16.
Seadrill Partners has therefore acquired the company that owns the
T-16 in exchange for approximately US$107 million in unregistered
common units that Seadrill Partners has issued to Seadrill
Limited.
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Seadrill Partners LLC via Thomson Reuters ONE
HUG#1737114
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