Ship Finance International will take a 30% haircut on the charter rates for three drilling rigs fixed to Seadrill as part of its restructuring.
The units involved are the semi-submersibles West Hercules and West Taurus (both 2008) and the jack-up rig West Linus (Built 2014).
The reduced charter rate will run for a five-year period starting in 2018 with the reduced amounts added back in the period thereafter.
