Seadrill has been given some breathing space after extending its three nearest maturing loan facilities.
The John Fredriksen-controlled drillship owner has agreed on amending the terms of loans worth $2.95bn.
A $450m credit facility has been extended from June to December, while another loan of $400m has been moved to May 2017 instead of December.
And its biggest facility of $2bn which was originally due in April 2017 has been moved for two months later.
Mark
