Seadrill Limited 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.
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