Seadrill increases drawn loan to $1.8bn, prices at tight end

By Olivier Holmey
18 Feb 2014

Seadrill, the Oslo-listed offshore drilling company, has increased its term loan ‘B’ to $1.8bn and priced it at 300bp over Libor, at the tight end of guidance.

The drawn part of the debt originally totalled $1.7bn. A $100m revolving credit facility is also being raised as part of the transaction.

The whole seven year loan package, which is senior secured, will serve to refinance debt, pay transaction expenses, and for general corporate purposes.

Subsidiaries of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.