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SeaDrill Ltd Closes Tender Rig T-16 Transaction


Monday, 21 Oct 2013 01:39pm EDT 

SeaDrill Ltd announced that the Company has completed the previously announced transaction to sell the T-16 tender rig to Seadrill Partners with effect from October 18, 2013. The agreed upon sale is for a total price of USD 200 million, less approximately USD 93 million of debt outstanding under the credit facility secured by the T- 16. Seadrill Limited has therefore sold the company that owns the T-16 in exchange for approximately USD 107 million in unregistered common units that Seadrill Partners has issued to Seadrill Limited. 

Company Quote

32.91
-0.19 -0.57%
22 Apr 2014