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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Seadrill Limited Lets go of Tender Rig

Seadrill Partners LLC Seadrill Limited
AnnouncedOct 14, 2013
TypeProperty
Announced Date
October 14,2013
Effective Date
October 18,2013
Close Date
October 18,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
200




Snapshot
Location
Country
Bermuda


Transaction Details:  Subscribe to see

Seadrill Limited has entered into an agreement to sell the company that owns the tender rig T-16 to Seadrill Partners LLC for a total purchase price of US$200 million, less approximately US$93 million of debt outstanding under the credit facility secured by the T-16.

Seadrill Partners will acquire the company that owns the T-16 in exchange for approximately US$107 million in unregistered common units that Seadrill Partners will issue to Seadrill Limited. The number of common units to be issued to Seadrill Limited will be 3,310,622, at a price of US$32.29 which is based on the ten-day volume…

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