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Seadrill Limited closes the tender rig T-16 transaction


Published Oct 23, 2013
Seadrill secures new tender rig contract in Indonesia-Spotlight

Seadrill Limited 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 US$200 million, less approximately US$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 US$107 million in unregistered common units that Seadrill Partners has issued to Seadrill Limited.

Tags: Seadrill Limited




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