SDRL - Seadrill Limited closes the tender rig T15 transaction
HAMILTON, BERMUDA -- (Marketwired) -- 05/17/13 -- SDRL - Seadrill
Limited closes the tender rig T15 transaction
We refer to the press release dated May 7, 2013, which announced the
transaction to sell the T-15 Tender rig.
Seadrill Limited ("Seadrill" or "The Company") has today completed
the previously announced transaction to sell the T-15 tender rig to
The agreed upon sale is for a total price of US$210 million, less
US$100 million of debt outstanding under the credit
facility secured by the T-15. The balance of the total consideration
is being financed with vendor financing provided by Seadrill in the
form of a loan in the amount of approximately US$110 million.
This information is subject of the disclosure requirements pursuant
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(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 Limited via Thomson Reuters ONE
+47 51 30 99 00
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