SDRL - Seadrill announces pricing of offering of US$500 million of unsecured Senior Notes due 2020
(Thomson Reuters ONE) -
Hamilton, Bermuda, September 20, 2013 - Seadrill Limited (the "Company" or
"Seadrill") (NYSE: SDRL), a global offshore drilling contractor, announced today
the pricing of its previously announced offering of $500 million in aggregate
principal amount of its 6.125% 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. The sale of the Notes is expected to be
consummated on September 25, 2013, subject to customary closing conditions.
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.
The Notes have not been, and will not be, registered under the Securities Act or
the securities laws of any other jurisdiction and may not be offered or sold in
the United States absent registration or an applicable exemption from
registration requirements under the Securities Act.
Cautionary Notice Regarding Forward-looking Statements
This report contains forward-looking statements. These statements are based on
various assumptions, many of which are based, in turn, upon further assumptions,
including Seadrill management's examination of historical operating trends.
Including among others, factors that, in Seadrill's view, could cause actual
results to differ materially from the forward looking statements contained in
this report are the following: (i) the competitive nature of the offshore
drilling industry; (ii) oil and gas prices; (iii) technological developments;
(iv) government regulations; (v) changes in economical conditions or political
events; (vi) inability of Seadrill to obtain financing for the newbuilds or
existing assets on favorable terms or at all; (vii) changes of the spending plan
of our customers; (viii) changes in Seadrill's operating expenses including crew
wages; (ix) insurance; (x) dry-docking; (xi) repairs and maintenance; (xii)
failure of shipyards to comply with delivery schedules on a timely basis; (xii)
and other important factors mentioned from time to time in our reports filed
with the United States Security Exchange Commission and the Oslo Stock Exchange.
The forward-looking statements included in this press release are made only as
of the date of this release, and except as otherwise required by federal
securities law, we do not have any obligation to publicly update or revise any
forward-looking statements to reflect subsequent events or circumstances.
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#1730605]
Unternehmensinformation / Kurzprofil:
Datum: 21.09.2013 - 03:13 Uhr
Sprache: Deutsch
News-ID 298865
Anzahl Zeichen: 4073
contact information:
Town:
Hamilton
Kategorie:
Business News
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