Seadrill Offering $500M Unsecured Senior Notes
Bermuda-based Seadrill Limited intends to offer US$500 million in aggregate principal amount of unsecured senior notes due 2020 in a private offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and to certain other persons outside of the United States in reliance on Regulation S under the Securities Act.
Seadrill said they intend to use the net proceeds of this offering to for repayment of debt, drilling unit acquisitions and general corporate purposes, including working capital.
