Market Overview

Seadrill Prices $1B Unsecured Notes Due 2017

Seadrill Limited (NYSE: SDRL), a global offshore drilling contractor, announced today the pricing of the offering of $1.0 billion in aggregate principal amount of 5.625% unsecured notes due 2017 (the "Notes") in a private offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain other persons outside of the United States in reliance on Regulation S under the Securities Act. The sale of the Notes is expected to be consummated on September 14, 2012, subject to customary closing conditions. Seadrill intends to use the net proceeds of this offering to repay existing indebtedness.

Posted-In: News Financing

 

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