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BRIEF-Seadrill extends interim funding for North Atlantic Drilling
June 28, 2017 / 10:54 AM / a month ago

BRIEF-Seadrill extends interim funding for North Atlantic Drilling

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June 28 (Reuters) - Seadrill Ltd

* Has amended revolving credit facility provided to North Atlantic Drilling ltd., a majority owned subsidiary, to mature on july 31, 2017 and increased it to $150 million

* 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 increased to $50 million Source text for Eikon: Further company coverage:

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