ONE 07/08 22:26 Seadrill Limited: SDRL - Seadrill cancels contemplated convertible bond issuance and voluntary incentive payment offer
BN 07/08 22:26 *SEADRILL LIMITED CANCELS $1B CONV BOND ISSUANCE
BN 07/08 22:26 *SEADRILL WILL REFUSE TO ACCEPT ANY ACCEPTANCE FORMS
BN 07/08 22:26 *SEADRILL CANCELS VOLUNTARY INCENTIVE PAYMENT OFFER
BN 07/08 22:26 *SEADRILL CANCELS CONTEMPLATED CONV BOND ISSUANCE & VOLUNTARY
BN 07/08 22:26 *SEADRILL LIMITED: SDRL - SEADRILL CANCELS CONTEMPLATED CONV
BN 07/08 22:26 *SEADRILL LIMITED CANCELS $1B CONV BOND ISSUANCE
BN 07/08 22:26 *SEADRILL WILL REFUSE TO ACCEPT ANY ACCEPTANCE FORMS
BN 07/08 22:26 *SEADRILL CANCELS VOLUNTARY INCENTIVE PAYMENT OFFER
BN 07/08 22:26 *SEADRILL CANCELS CONTEMPLATED CONV BOND ISSUANCE & VOLUNTARY
BN 07/08 22:26 *SEADRILL LIMITED: SDRL - SEADRILL CANCELS CONTEMPLATED CONV
Seadrill Limited Cancels $1b Conv Bond Issuance
2014-07-08 22:29:53.137 GMT
By Andrea Snyder
July 8 (Bloomberg) -- “Although the order book was
covered, the adverse price movement led to an unattractive
conversion price for the issue,” co. says.
* Seadrill to refuse to accept acceptance forms delivered in
connection w/ voluntary incentive payment offer to convert
existing 3.375% $650m Seadrill bonds due 2017
* Seadrill to have cash balance of ~$1.5b by end of July
* NOTE: Earlier, Seadrill to Issue $1b 2019 Convertible Bond
{NSN N8DQTX6TTDS8 <go>}
Link to Statement:{NSN N8EZNZ3PWT1C <GO>}
Link to Company News:{SDRL NO <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net
2014-07-08 22:29:53.137 GMT
By Andrea Snyder
July 8 (Bloomberg) -- “Although the order book was
covered, the adverse price movement led to an unattractive
conversion price for the issue,” co. says.
* Seadrill to refuse to accept acceptance forms delivered in
connection w/ voluntary incentive payment offer to convert
existing 3.375% $650m Seadrill bonds due 2017
* Seadrill to have cash balance of ~$1.5b by end of July
* NOTE: Earlier, Seadrill to Issue $1b 2019 Convertible Bond
{NSN N8DQTX6TTDS8 <go>}
Link to Statement:{NSN N8EZNZ3PWT1C <GO>}
Link to Company News:{SDRL NO <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the editor responsible for this story:
Andrea Snyder at +1-202-624-1831 or
asnyder5@bloomberg.net