Seadrill Limited, a global offshore drilling contractor, announced today that it 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.
The notes will be offered 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.
[mappress] September 20, 2013