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Seadrill Limited (SDRL): AOD Cash Utilisation


Seadrill Limited (SDRL): AOD Cash Utilisation
HAMILTON, Bermuda, Dec. 17, 2020 /PRNewswire/ The Board of Seadrill Limited ( Seadrill or the Company ) (OSE: SDRL) (OTCQX: SDRLF) has been informed that the lenders in the AOD facility (under which Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited are borrowers) have utilised $97.2 million of AOD s cash contained in restricted accounts secured against their facility to repay a corresponding amount of the $210 million debt outstanding as of today. This leaves $112.8 million of such debt outstanding going forward. The AOD facility maintains sufficient cash to support AOD s operations and this event will have no impact to continued operations. ....

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