Seadrill lowers conversion price on 3.375% convertible bonds due 2017

By Ashley Montgomery

Kansas City, Kan., March 9 - Seadrill Ltd. adjusted the conversion price on its 3.375% limited callable convertible bonds due October 2017 to $34.1701 from $34.8805, according to a notice.

The adjustment, effective Thursday, is the result of a dividend payment of $0.80 per share.

Norsk Tillitsmann ASA is the agent.

Seadrill is an Oslo-based oil and gas driller.

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