NADL - Interim funding from Seadrill Limited amended

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.

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Source: North Atlantic Drilling Ltd. via Globenewswire