Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/seadrill-limited-closes-the-tender-rig-t-16-transa.shtmlSeadrill Limited closes the tender rig T-16 transaction
Seadrill Limited has completed the previously announced transaction to sell the T-16 tender rig to Seadrill Partners with effect from October 18, 2013.
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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.
