Debt (Tables)

12 Months Ended

Dec. 31, 2019

Amounts outstanding under credit facilities

As of December 31, 2019 and December 31, 2018, we had the following debt amounts outstanding:



(In US$ millions)	2019	2018
External debt agreements
Term Loan B	2,607.6	2,686.4
West Vela Facility	151.0	191.3
West Polaris Facility	114.9	150.8
Tender Rig Facility	18.6	56.2
Total external debt	2,892.1	3,084.7

Maturities of outstanding debt

The outstanding debt as of December 31, 2019 is repayable as follows:



(In US$ millions)	2019
2020	313.3
2021	2,578.8
Total external debt	2,892.1

Presentation of debt in balance sheet

The below tables show how the above balances are presented in the Consolidated Balance Sheet:



	Outstanding debt as of December 31, 2019
(In $ millions)	Principal outstanding	Debt Issuance Costs		Total Debt
Debt due within twelve months	313.3	(11.9	)	301.4
Long-term external debt	2,578.8	(2.0	)	2,576.8
Total interest bearing debt	2,892.1	(13.9	)	2,878.2



	Outstanding debt as of December 31, 2018
(In $ millions)	Principal outstanding	Debt Issuance Costs		Total Debt
Debt due within twelve months	175.1	(12.2	)	162.9
Long-term external debt	2,909.6	(13.4	)	2,896.2
Total interest bearing debt	3,084.7	(25.6	)	3,059.1

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details