BRIEF-North Atlantic Drilling says Seadrill reached agreement to extend milestone to implement restructuring plan from 30 April to 31 July 2017 [Reuters]
NORTH ATLANTIC DRILLING LTD (NADL)
US:NYSE Investor Relations:
nadlcorp.com/investors
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Source: Reuters
BRIEF-North Atlantic Drilling says Seadrill reached agreement to extend milestone to implement restructuring plan from 30 April to 31 July 2017 April 4 North Atlantic Drilling Ltd: * Amendments to secured credit facilities * North Atlantic Drilling - majority owned unit of Seadrill Ltd and its banking group toextend series of key dates as part of Seadrill's restructuring efforts * North Atlantic Drilling Ltd - co received lender consent to extend $2.0 billion NADLcredit facility maturing on 30 June 2017 until 14 September 2017 * North Atlantic Drilling - Seadrill Limited has reached an agreement to extend milestone toimplement a restructuring plan from 30 April to 31 July 2017 * North Atlantic Drilling - expects implementation of restructuring plan will likely involveschemes of arrangement or Chapter 11 proceedingsSource text for Eikon:Further company coverage:(Bengaluru Newsroom)
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