Seadrill Limited Announces Sale of Tender-Assist Units For $85M
Portfolio Pulse from Benzinga Newsdesk
Seadrill Limited (NYSE:SDRL) has entered into definitive sale and purchase agreements to sell its tender-assist units West Vencedor, T-15, and T-16 to affiliates of Energy Drilling Pte. Ltd. for $85 million. The transaction is expected to close in early Q3 2023.
June 21, 2023 | 7:37 am
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Seadrill Limited (NYSE:SDRL) is selling its tender-assist units to Energy Drilling Pte. Ltd. affiliates for $85 million, with the transaction expected to close in early Q3 2023.
The sale of the tender-assist units for $85 million will provide Seadrill with additional cash proceeds, which could be used to strengthen its balance sheet or invest in growth opportunities. This could have a positive impact on the company's stock price in the short term.
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