NADL - Interim funding from Seadrill Limited amended

Hamilton, Bermuda, April 26, 2017 - North Atlantic Drilling Ltd ('NADL' or 'the Company') announces today that it has amended the revolving credit facility provided by Seadrill Limited, its majority shareholder, to mature on June 30, 2017 and increased it to $50 million. The facility was originally entered into on January 31, 2017 for $25 million and extended previously to mature on April 30, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at both companies.

 

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