Reuters logo
BRIEF-Rowan and Saudi Aramco to contribute $25 mln for working capital needs at formation of new company
2016年11月21日 / 中午11点57分 / 10 个月前

BRIEF-Rowan and Saudi Aramco to contribute $25 mln for working capital needs at formation of new company

Nov 21 (Reuters) - Rowan Companies Plc -

* At formation of new company, each of Rowan and Saudi Aramco will contribute US$25 million to be used for working capital needs-SEC filing

* Saudi Aramco will be obligated to fund their portion of purchase of up to 20 new build jack-up rigs ratably over ten years

* First rig is expected to be delivered as early as 2021

* Partners intend newbuild jack-up rigs will be financed out of available cash from operations, funds available from 3rd party debt financing

* If cash from operations not available to fund cost of newbuild jack-up rig,each partner is to contribute funds to buy rigs up to $1.25 billion/partner

* Saudi Aramco as a customer will provide drilling contracts to support new company in acquisition of new rigs Source text: [bit.ly/2fK1TjQ] Further company coverage:

我们的标准汤森路透“信任原则”
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below