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Nordea: Fredriksen's Seadrill needs USD 2.5 billion

Offshore company Seadrill, which is controlled by billionaire John Fredriksen, is approaching a debt wall that could force the company to issue new shares and seek refinancing, reports Bloomberg.

Photo: Seadrill

John Fredriksen's offshore company Seadrill needs to raise at least USD 2.5 billion in financing ahead of 2018, and the drilling unit is thus well on its way to running head-first into a wall of debt, reports Bloomberg on the basis of a report from Nordea AB.

In the report, Oslo-based analyst Janne Kvernland, according to Bloomberg, notes that the refinancing of the company will presumably entail a capital expansion of about USD 1 billion.

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