NADL - Interim funding from Seadrill Limited amended
September 08 2017 - 1:31AM
Hamilton, Bermuda, September 8, 2017 - North
Atlantic Drilling Ltd ('NADL' or 'the Company') announces today
that it has increased the capacity of the revolving credit facility
provided by Seadrill Limited, its majority shareholder, from $150
million to $200 million.
The facility was originally
entered into on January 31, 2017 for $25 million maturing on March
31, 2017. On April 25, 2017 the facility was amended to mature on
June 30, 2017 and was increased to $50 million. On June 27, 2017
the facility was amended to mature on July 31, 2017 and was
increased to $150 million. On July 27, 2017 the facility was
extended to September 12, 2017.
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
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