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Seadrill has financed a portion of its exposure to Sevan Drilling


Published Aug 30, 2013
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Seadrill Limited has financed a portion of its exposure to Sevan Drilling ASA (Sevan) through a forward agreement. Seadrill has sold 120,065,464 shares and received a forward agreement with exposure to the same number of shares. The shares have been sold at NOK 3.95 per share.

The forward agreement runs until November 6, 2013 and has a strike price of NOK 3.9737.

Seadrill controls 297,941,358 shares of Sevan, either through direct ownership or forward agreements, representing 50.11% of all issued shares of Sevan.

Tags: Seadrill Limited



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