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Stock Market & Financial Investment News

News Breaks
February 25, 2014
05:38 EDTSDRLSeadrill reports Q4 EPS 49c, may not compare to consensus 77c
Reports Q4 revenue $1.47B, consensus $1.41B. Net financial and other items for the quarter showed a loss of $286M compared to a loss of $96M in the previous quarter. The loss is primarily related to Seadrill's share of the losses in the investment in Archer of $185M, which is mainly due to Archer's own non-cash impairment of goodwill and other long lived assets of $430M.
News For SDRL From The Last 14 Days
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January 22, 2015
09:16 EDTSDRLOn The Fly: Pre-market Movers
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08:49 EDTSDRLNorth Atlantic Drilling says Seadrill to back 2018 bond in trade for amendments
North Atlantic Drilling (NADL) announces the launch of an amendment process whereby Seadrill Limited (SDRL) will provide a guarantee for the company's NOK 1.5B bond maturing in 2018, in exchange for some amendments to the bond covenant package, namely replacing the NADL's current financial covenants with Seadrill's financial covenants from Seadrill's NOK denominated bonds. Concurrent with the amendment process for the Bond Agreement, NADL has also launched an amendment process for its secured credit facilities whereby Seadrill Limited will provide a guarantee. Successful conclusion of this process will amend the terms of the loan agreements to align with the terms set forth in Seadrill Limited's loan agreements. "The company's lenders have been supportive thus far and we expect successful conclusion of this amendment in the weeks to come," the company stated. North Atlantic Drilling shares are up 19% in pre-market trading following the announcement.

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