Sevan Drilling closes and draws down financing arranged by ING

Region:

Europe

Jonathan Bell

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.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

Perspective

24 April 2026

Jabiru-1: Who’s out of orbit?

The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks as part...

Video

26 April 2026

EGAP’s CEO on the Czech plan to boost ECA capacity

David Havlíček, CEO of EGAP, the Czech Republic’s export credit agency, discusses the fast evolution of the ECAs’ activity and the pilot plan with the European Investment Bank...

Must See

Dangote scales up amid energy market turmoil

Perspective

20 April 2026

Dangote scales up amid energy market turmoil

Afreximbank has signed on fresh financing for Nigeria’s oil & gas industry at a moment of crisis for the global energy business. The conflict in the Gulf has further underlined the fragility of international supply chains, but are West African producers set to take advantage?

Perspective

24 April 2026

Jabiru-1: Who’s out of orbit?

The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks as part of an ongoing lawsuit – but why did lenders and ECAs struggle to find a default cure?

Video

26 April 2026

EGAP’s CEO on the Czech plan to boost ECA capacity

David Havlíček, CEO of EGAP, the Czech Republic’s export credit agency, discusses the fast evolution of the ECAs’ activity and the pilot plan with the European Investment Bank that could help boost ECA capacity. Could it scale? He also discusses the extension of guarantee coverage to local suppliers in domestic projects that will facilitate nuclear infrastructure in particular. Hear more when EGAP hosts our global event in Prague in June.