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Seadrill announces proposed offering of US$500 million of unsecured senior notes due 2020


Published Sep 23, 2013
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Seadrill Limited intends to offer US$500 million in aggregate principal amount of unsecured senior notes due 2020 (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.

Seadrill intends to use the net proceeds of this offering to for repayment of debt, drilling unit acquisitions and general corporate purposes, including working capital.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale is unlawful. Any offer of the Notes will be made only by means of a private offering memorandum.

Tags: Seadrill Limited




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