Seadrill Limited closes the tender rig T15 transaction

Seadrill Limited completed the previously announced transaction to sell the T-15 tender rig to Seadrill Partners, said in the company's press release.

The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with vendor financing provided by Seadrill in the form of a loan in the amount of approximately US$110 million.