Seadrill Limited

October 07, 2011 10:13 ET

SDRL- Seadrill secures a new US$550 million credit facility

HAMILTON, BERMUDA--(Marketwire - Oct 7, 2011) -

Hamilton, Bermuda, October 7, 2011 - Seadrill Limited has successfully secured commitments from a group of commercial lending institutions and export credit agencies for a new US$550 million senior secured credit facility. The new facility has a tenor of five years and a 10 years amortization profile. Interest on the loan and the set of financial covenant is in line with recent credit facilities entered into by the Company. The ultra-deepwater semi- submersible rig West Capricorn, which recently secured a five-year contract with a major oil company, will be pledged as security.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Seadrill Limited via Thomson Reuters ONE


Contact Information

  • Analyst contact
    Jim Datland
    VP Investor Relations
    Seadrill Management AS
    +47 51 30 99 19

    Media contact
    Esa Ikaheimonen
    Chief Financial Officer
    Seadrill Management AS
    +47 51 30 99 19