Supporting Seadrill in challenging marketplace

Corporate News -

Building on its existing strong relationship with Seadrill Limited, NIBC entered into a USD 450 million senior secured credit facility with a syndicate of banks for the international offshore drilling contractor. This facility will be used to refinance Seadrill’s existing debt and is secured by six of the company’s jack-up drilling rigs.

This latest facility is testimony to NIBC’s ongoing support of Seadrill’s ventures in a challenging marketplace. This underlines the bank’s partnership with the company, after having previously supported the company and its subsidiaries North Atlantic Drilling and Sevan Drilling in their financing requirements.

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