NADL - Interim funding from Seadrill Limited Extended
March 15 2017 - 3:00AM
Hamilton, Bermuda, March 15,
2017 - North Atlantic Drilling Ltd ('NADL' or 'the Company')
announces today that it has extended the $25 million revolving
credit facility provided by Seadrill Limited, its majority
shareholder, to April 31, 2017. The facility was originally entered
into on January 31, 2017 and matured on March 31, 2017. This
interim funding arrangement has been put in place while broader
restructuring negotiations continue at both companies.
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: North Atlantic Drilling Ltd. via
Globenewswire
North Atlantic Drilling Ltd. (NYSE:NADL)
Historical Stock Chart
From Aug 2024 to Sep 2024
North Atlantic Drilling Ltd. (NYSE:NADL)
Historical Stock Chart
From Sep 2023 to Sep 2024