Seadrill Secures New Credit Facility

Seadrill has successfully secured commitments from a group of commercial lending institutions and export credit agencies for a new US $550 million senior secured credit facility. The new facility has a tenor of five years and a 10 years amortization profile. Interest on the loan and the set of financial covenant is in line with recent credit facilities entered into by the Company. The ultra-deepwater semisubmersible rig West Capricorn, which recently secured a five-year contract with a major oil company, will be pledged as security.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit