China Unlimited

[RealDutch]

They need money.

As of December 31, 2015, our total purchase commitments consisted of the estimated remaining construction expenses of approximately $1.8 billion relating to the construction of our three seventh generation drilling units under construction, which are scheduled to be delivered in 2017, 2018 and 2019, respectively. The estimated total project cost per drilling unit under construction, excluding financing costs, is approximately $679.5 million, $743.0 million and $743.0 million, respectively. As of December 31, 2015, we have made pre-delivery payments of $333.6 million in the aggregate for these newbuilding drilling units. The estimated remaining total construction payments for these drilling units, excluding financing costs, amounted to approximately $1.8 billion in aggregate as of December 31, 2015. We have not yet arranged financing for the remaining construction payments relating to the construction of our three seventh generation drilling units, which are scheduled for delivery during 2017, 2018 and 2019. We plan to finance these remaining payments, with new debt or equity financing, which we have not yet secured in full. We cannot be certain that we will be able to obtain the additional financing we need to complete the acquisition of our seventh generation drilling units on acceptable terms or at all.

Here it is. Up to $2 billion

https://www.sec.gov/Archives/edgar/data/1447382/000091957416012749/d7124871_f3-a.htm