SDRL - SEADRILL PARTNERS LLC PRICES INITIAL PUBLIC OFFERING OF COMMON UNITS
(Thomson Reuters ONE) -
Hamilton, Bermuda, October 18, 2012 - Seadrill Partners LLC (NYSE: SDLP)
("Seadrill Partners") today announced that it priced its initial public offering
of 8,750,000 common units at a price of $22.00 per unit. Seadrill Partners has
granted the underwriters a 30-day over-allotment option to purchase up to
1,312,500 additional common units, at the same price per unit, to cover over-
allotments, if any. The common units being offered to the public are expected
to begin trading on October 19, 2012, on the New York Stock Exchange under the
symbol "SDLP." The offering is expected to close on or about October 24, 2012,
subject to customary closing conditions.
Following completion of the offering, Seadrill Limited ("Seadrill") will own
16,065,025 common units and all of the subordinated units of Seadrill Partners,
representing a 78.8% limited liability company interest in Seadrill Partners. If
the underwriters' over-allotment option is exercised in full, Seadrill will own
14,752,525 common units and all of the subordinated units, representing a 75.7%
limited liability company interest in Seadrill Partners.
Seadrill Partners intends to use the net proceeds from the offering, which are
estimated to be approximately $175.5 million, after deducting estimated
underwriting discounts and commissions, structuring fees and estimated offering
expenses, as consideration for the acquisition of its interest in Seadrill
Operating LP and Seadrill Capricorn Holdings LLC.
Citigroup, Morgan Stanley and Wells Fargo Securities are acting as the joint
book-running managers in the transaction. The offering of the common units will
be made only by means of a prospectus. A written prospectus meeting the
requirements of Section 10 of the Securities Act of 1933 may be obtained from
the offices of:
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717., Email: BATProspectusdept(at)citi.com, Telephone: 800-831-9146
Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor,
New York, NY 10014, Email: prospectus(at)morganstanley.com, Telephone: 866-718-1649
Wells Fargo Securities, Attn: Equity Syndicate Dept., 375 Park Avenue, New York,
NY 10152, Email: cmclientsupport(at)wellsfargo.com, Telephone: 800-326-5897.
A registration statement relating to Seadrill Partners common units has been
filed with and declared effective by the U.S. Securities and Exchange Commission
(SEC). The registration statement is available on the SEC's website at
www.sec.gov.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the common units described above,
nor will there be any sales of these common units in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
other jurisdiction.
The statements in this news release that are not historical facts may be
forward-looking statements. Such forward looking statements, including the
expected closing date and the expected net proceeds from the offering, based
upon the current beliefs and expectations of Seadrill Partners' management, are
subject to risks and uncertainties which could cause actual results to differ
from the forward looking statements. The information set forth herein should be
read in light of such risks. Seadrill Partners does not assume any obligation to
update the information contained in this news release.
Media contact
Rune Magnus Lundetræ
Chief Financial Officer
Seadrill Management AS
+47 51 30 91 26
Analyst contact
Ragnvald Kavli
Investor Relations Manager
Seadrill Management AS
+47 51 30 96 27
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1650599]
Unternehmensinformation / Kurzprofil:
Datum: 19.10.2012 - 08:21 Uhr
Sprache: Deutsch
News-ID 194175
Anzahl Zeichen: 4987
contact information:
Town:
Hamilton
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 145 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"SDRL - SEADRILL PARTNERS LLC PRICES INITIAL PUBLIC OFFERING OF COMMON UNITS"
steht unter der journalistisch-redaktionellen Verantwortung von
Seadrill Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
