Seadrill Limited, SDRL

The facility was originally entered into on January 31, 2017 for $25 million maturing on March 31, 2017.

08.09.2017 - 07:31:58

SDRL - Interim funding to North Atlantic Drilling Ltd. amended. 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.

Hamilton, Bermuda, September 8, 2017 - Seadrill Limited ('SDRL' or 'the Company') announces today that it has increased the capacity of the revolving credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary, 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 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: Seadrill Limited via GlobeNewswire

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