Seadrill calls $126 million 12% notes due 2025 for redemption

By Wendy Van Sickle

Columbus, Ohio, Oct. 2 – Seadrill Ltd. subsidiary Seadrill New Finance Ltd. called about $126 million of its 12% senior notes due 2025 for redemption, according to a press release.

The notes will be redeemed at par plus accrued interest on Nov. 1 on a pro rata basis.

The redemption will be funded from Seadrill’s share of the proceeds of the West Rigel sale.

The company is an Oslo-based provider of offshore drilling services to the oil and gas industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.