Long-term interest bearing debt increased to US$11,900 million from US$10,087 million over the course of the quarter and total net interest bearing debt increased to US$13,874 million from US$12,647 million. The increase is primarily due to the new US$1,750 million Sevan credit facility, the re-financing of the West Eminence and subsequent use of the freed up cash to pay yard installments.Total equity increased to US$8,202 million from US$7,766 million as of December 31, 2013, primarily driven by net income for the quarter, proceeds from the Seadrill Partners equity offering, and a gain on our SapuraKencana investment, offset by dividends paid.
SDRL - Seadrill Announces Fourth Quarter 2013 Results
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