Sevan Drilling closes and draws down financing arranged by ING

International drilling contractor Sevan Drilling has also closed and drawn down $1.4 billion of its new $1.75 billion bank facility. The funds relate to the delivery in late October of the company’s latest rig Sevan Louisiana from the Cosco Quidong Shipyard (Cosco) in China, as well as payment for two other rigs.

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