NADL - Interim funding from Seadrill Limited

ID: 1483688
recent pressrelease next pressrelease

(Thomson Reuters ONE) -


Hamilton, Bermuda, January 31, 2017 - North Atlantic Drilling Ltd ("NADL" or
"the Company") announces today that it has entered into a $25 million revolving
credit facility provided by Seadrill Limited, its majority shareholder and
maturing March 31, 2017.  This interim funding arrangement has been put in place
while broader restructuring negotiations continue at both companies.  A more
comprehensive package of measures is targeted to be agreed by April 30, 2017.

This information is subject of 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






More information:
http://www.realwire.com/releases/Ciena-Implements-Licensing-Solution-from-Flexera-Software http://treace.com/ http://www.ponsonbysoundhire.co.nz/ http://www.realwire.com/releases/KALEAO-Partners-With-ILA-microservers-to-Bring-True-Convergence-to-Europe ht



Keywords (optional):



Company information / Profile:

PressRelease by

Requests:



PressContact / Agency:



published by: hugin
print pressrelease  send to a friend  

Date: 01/31/2017 - 08:19
Language: English
News-ID 1483688
Character count: 2869
Kontakt-Informationen:
Firma: North Atlantic Drilling Ltd.
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Stavanger
Telefon:

Meldungsart:
Versandart:
Freigabedatum:
Comments:



Number of hits: 110

Linking-Tips:



Direct Link to this PressRelease:






We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease






All members: 9 432
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 74


Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.