Seadrill Completes Tender Rig Sale
Bermuda-domiciled Seadrill Limited completed the previously announced transaction to sell the T-15 tender rig to Seadrill Partners.
The agreed upon sale is for a total price of $210 million, less approximately $100 million of debt outstanding under the credit facility secured by the T-15.
The balance of the total consideration is being financed with vendor financing provided by Seadrill in the form of a loan in the amount of approximately $110 million.
Seadrill is an offshore drilling company domiciled in Bermuda and managed from Norway by Seadrill Management AS.
Seadrill has operations in countries that include Angola, Brunei, the Republic of Congo, Indonesia, Malaysia, Nigeria, Norway, Thailand, Brazil and the United Kingdom among others.
