By Sheri Kasprzak
New York, July 10 - Seadrill Ltd. intends to conduct a $150 million private placement of its stock as part of its plan to develop newbuild deepwater units.
The offering includes up to 7 million shares. The exact price per share was unavailable by press time Tuesday.
Carnegie ASA and Fearnley Fonds ASA are the lead agents.
The offering is set to close on July 11.
Based in Hamilton, Bermuda, Seadrill is an offshore drilling contractor.
| Issuer: | Seadrill Ltd.
|
| Issue: | Stock
|
| Amount: | $150 million
|
| Shares: | 7 million
|
| Warrants: | No
|
| Placement agents: | Carnegie ASA and Fearnley Fonds ASA
|
| Announcement date: | July 10
|
| Settlement date: | July 11
|
| Stock symbol: | Oslo: SDRL
|
| Stock price: | NOK 126.50 at close July 10
|
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