Hamilton, Bermuda, July 31, 2017 - North Atlantic Drilling Ltd ('NADL' or 'the Company') announces today that it has amended the revolving credit facility provided by Seadrill Limited, its majority shareholder, to mature on September 12, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at both companies. The facility was originally entered into on January 31, 2017 for $25 million maturing on March 31, 2017. On April 25, 2017 the facility was amended to mature on June 30, 2017 and was increased to $50 million. On June 27, 2017 the facility was amended to mature on July 31, 2017 and was increased to $150 million. FORWARD LOOKING STATEMENTS This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F (File No. 001-34667). The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
NADL - Interim funding from Seadrill Limited amended
Top 10 Most Recent News Articles
American Savings Bank IPO Hits NYSE: $129M Raised
A Big Day for American Savings Bank Buckled up yet? Because American Savings Bank has just shot onto the NYSE, raising a hefty $129 million. A solid start, I’d say, for a Honolulu-based outfit that now struts around with a valuation tipping beyond $1.03 billion. That’s what you get when you price more than eight million shares at $16 a pop. NYSE:ASBH is the new kid on...
Continue Reading
Finastra Recognized as 2026 Leader in Payment Platforms
Finastra Steals the Spotlight in Payments Innovation When it comes to the modern world of finance, nothing screams ‘adapt or fade into oblivion’ like the payments industry. Well, here’s a reality check from QKS Group: Finastra has snatched the spotlight in their SPARK Matrix™ for 2026 as a powerhouse in integrated bank payments platforms. Clearly, this ain’t...
Continue Reading
Propensity Rockets to No. 70 on the 2026 Inc. 5000 List
Hold onto your hats, folks—Propensity just blasted its way to Number 70 on the Inc. 5000 for 2026. That's quite a leap from the 2,591 spot just last year. If you're scratching your head wondering what's behind this meteoric rise, it’s all about AI and knowing which buyer signals really matter. The AI Advantage in B2B The B2B marketing space isn't exactly the new Wild...
Continue Reading
B2B Growth Hinges on Narrative Coherence, Study Shows
Clear Stories, Stronger Growth If companies can't tell a clear story that their buyers understand and believe, they're destined to stagnate. That's the blunt reality kompeld is pushing with their H2 2026 Narrative Coherence Benchmark. The report scores 150 B2B tech companies on their narrative coherence, showing there's a stark correlation between storytelling and growth....
Continue Reading
OrthoAtlanta Expands with Dr. Smith's Expertise Hire
OrthoAtlanta Welcomes New Orthopedic Surgeon In a world where healthcare organizations are constantly stretching their wings, this new addition of Dr. Carson J. Smith to the fold at Piedmont Orthopedics | OrthoAtlanta stands out. This isn't just some cosmetic face-lift, folks. It's a real investment in the community, not to mention a crucial broadening of what this...
Continue Reading
Koogler's Sale to ALL4: A Game-Changer for the Southeast
A Strategic Alignment Unfolds in Environmental Engineering Ever notice how those industry shifts often sneak up on you, only to leave a mark that's hard to ignore? That's exactly what's playing out with Koogler & Associates' recent hookup with ALL4 LLC. Set aside that coffee, this one's too important to miss if you've got a stake in the environmental consulting game or...
Continue Reading
2026 CEE Awards Highlight Energy Innovation Leaders
Showcasing Cutting-Edge Home Energy Innovations It's that time of year again when the brightest innovators in home energy solutions get a nod from the Consortium for Energy Efficiency (CEE). This year's Integrated Home Competition spotlighted five trailblazing products that promise to reshape how we think about energy efficiency, demand flexibility, and sheer user comfort...
Continue Reading
ScholarShare 529 Launches $50 Back-to-School Promo
California Families Get a Boost With New 529 Plan Offer Everywhere you turn, it's 'back to school' mania right now, and ScholarShare 529 aims to ride that wave by sweetening the pot for parents ready to think ahead. So here's the gist—California's official college savings plan is handing out a $50 gift card for new accounts opened between now and September 30th. Setting...
Continue Reading
Ransoms and Mega-Losses Surge in Cyber Claims Study
Cyber Costs Skyrocket in Latest Study NetDiligence’s 2026 Cyber Claims Study isn't just another report—it’s a wake-up call. The numbers paint a stark picture: cyber incidents are burning deeper holes in pockets, and no one's immune. Whether you're a scrappy SME or a lumbering corporate giant, this report puts a magnifying glass to the chilling reality of cyber...
Continue Reading
Red Banyan Earns Top Honors in Florida for 2026
Red Banyan: A Powerhouse in Reputation Management Boy, have you ever watched a company rise through the ranks almost like a caffeine kick on a drowsy morning? That's Red Banyan for you. This outfit, right out of Fort Lauderdale, snagged the '2026 Best of Florida' award as the cream of the crop in the Business Consulting Firms category. It’s like taking home an Oscar in...
Continue ReadingTop 5 Most Recently Viewed Articles
Lumina Gold Reports Positive Results from Shareholder Meeting
Lumina Gold Reports Success at Annual Shareholder Meeting Lumina Gold Corp. (TSXV: LUM, OTCQB: LMGDF) recently shared the results from its annual general and special meeting of shareholders. The Company, known for its developments in precious and base metals, garnered strong support from its shareholders during the meeting. This reflects the confidence that investors have...
Continue Reading
Rice University Gateway Project: A New Era for Campus and Community
Introducing the Gateway Project at Rice University Rice University has launched an innovative initiative known as the Gateway Project, a visionary plan aimed at connecting its campus with the vibrant Rice Village. This endeavor focuses on creating a pedestrian-friendly corridor that enhances accessibility while reimagining the west side of the campus through renovations...
Continue Reading
Father-Daughter Legal Team Celebrated as Top Law Firm
Dynamic Leadership at Law Offices of Zulu Ali & Associates In a remarkable achievement for diversity and representation in the legal field, the Law Offices of Zulu Ali & Associates, LLP, led by Attorney Zulu Ali and his daughter, Attorney Whitney Ali, has recently been named one of the best law firms by The American Institute of Trial Lawyers. This accolade underscores...
Continue Reading
RiverMeadow Enhances Azure Support to Compete with VMware
RiverMeadow Strengthens Its Azure Support for Enhanced Migration RiverMeadow Software Inc, a leader in workload mobility automation, announces its support for Azure Local as a new target environment in its Workload Mobility Platform. This strategic enhancement broadens RiverMeadow's extensive portfolio of supported destinations and underscores its commitment to providing...
Continue Reading
Exploring Contrarian Insights: The Future of Meme and Major Cryptos
Exploring Contrarian Views in Cryptocurrency In the ever-changing landscape of cryptocurrency, perspectives can differ sharply, especially regarding investments. Recently, the pseudonymous crypto influencer Sistine Research has shared intriguing contrarian viewpoints on some well-known cryptocurrencies. Their analysis includes Ripple (XRP), Ethereum (ETH), and the...
Continue Reading