By Sheri Kasprzak
New York, April 17 - Seadrill Ltd. closed a private placement for NOK 909 million.
The company sold 9 million shares at NOK 101 each.
Proceeds will be used to finance the company's mandatory Eastern Drilling bid and to finance other possible investments in deepwater or tender-rig assets.
Carnegie ASA and Pareto Securities ASA were the bookrunners for the deal with Fearnley Fonds as co-agent.
Based in Hamilton, Bermuda, Seadrill is an offshore drilling contractor.
| Issuer: | Seadrill Ltd.
|
| Issue: | Stock
|
| Amount: | NOK 909 million
|
| Shares: | 9 million
|
| Price: | NOK 101
|
| Warrants: | No
|
| Placement agents: | Carnegie ASA (lead), Pareto Securities ASA (lead), Fearnley Fonds
|
| Settlement date: | April 16
|
| Stock symbol: | Oslo: SDRL
|
| Stock price: | NOK 101 at close April 16
|
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