SDRL - Interim funding to North Atlantic Drilling Ltd. amended
Hamilton, Bermuda, July 31, 2017 - Seadrill Limited ('SDRL' or 'the Company') announces today that it has amended the revolving credit facility provided to North Atlantic Drilling Ltd., a majority owned subsidiary, to mature on September 12, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at both companies. 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