ONE 07/08 06:11 Seadrill Limited: SDRL - Seadrill launches US$1 billion 2019 convertible bond concurrently with a voluntary incentive payment
BN 07/08 06:18 *SEADRILL OFFER TO 2017 HOLDERS WHO EXERCISE CONVERSION RIGHTS
BN 07/08 06:17 *SEADRILL MAKES OFFER OF CASH INCENTIVE PAYMENT TO 2017 HOLDERS
BN 07/08 06:16 *SEADRILL SEES BOND FINAL TERMS, CONDITIONS ANNOUNCED JULY 8
BN 07/08 06:15 *SEADRILL SAYS BOND PROCEEDS FOR NEWBUILD PROGRAM, CORPORATE USE
BN 07/08 06:14 *SEADRILL SEES BOND CONVERSION PREMIUM 30% - 35% OVER REFERENCE
BN 07/08 06:13 *SEADRILL SEES ANNUAL COUPON OF 2% - 2.5% PAYABLE SEMI-ANNUALLY
BN 07/08 06:12 *SEADRILL SAYS SR UNSECURED BONDS TO BE CONV INTO COMMON SHRS
BN 07/08 06:11 *SEADRILL TO ISSUE $1B 2019 CONV BOND
BN 07/08 06:11 *SEADRILL LIMITED: SDRL - SEADRILL LAUNCHES US$1B 2019 CONV BOND
BN 07/08 06:18 *SEADRILL OFFER TO 2017 HOLDERS WHO EXERCISE CONVERSION RIGHTS
BN 07/08 06:17 *SEADRILL MAKES OFFER OF CASH INCENTIVE PAYMENT TO 2017 HOLDERS
BN 07/08 06:16 *SEADRILL SEES BOND FINAL TERMS, CONDITIONS ANNOUNCED JULY 8
BN 07/08 06:15 *SEADRILL SAYS BOND PROCEEDS FOR NEWBUILD PROGRAM, CORPORATE USE
BN 07/08 06:14 *SEADRILL SEES BOND CONVERSION PREMIUM 30% - 35% OVER REFERENCE
BN 07/08 06:13 *SEADRILL SEES ANNUAL COUPON OF 2% - 2.5% PAYABLE SEMI-ANNUALLY
BN 07/08 06:12 *SEADRILL SAYS SR UNSECURED BONDS TO BE CONV INTO COMMON SHRS
BN 07/08 06:11 *SEADRILL TO ISSUE $1B 2019 CONV BOND
BN 07/08 06:11 *SEADRILL LIMITED: SDRL - SEADRILL LAUNCHES US$1B 2019 CONV BOND
Seadrill to Issue $1b 2019 Convertible Bond
2014-07-08 06:17:57.574 GMT
By Gaurav Panchal
July 8 (Bloomberg) -- The senior, unsecured bonds will be
convertible into common shares of co.; bonds are expected to
have an annual coupon range of 2% to 2.50% payable semiannually
in arrear.
* Conversion premium 30% to 35% over reference share price
that will be based on VWAP of shares on Oslo Stock Exchange,
NYSE between opening and closing of market on July 8
* Seadrill will have right to call bonds after three years
plus 21 days if value of Seadrill shares underlying one
bond, for specified period of time, exceeds 130% of
principal amount of bond
* Bonds expected to be issued on or around July 16
* Proceeds to fund newbuild program, general corporate
purposes
* ABG Sundal Collier, BNP Paribas, Deutsche Bank joint
bookrunners.
* Final terms, conditions expected July 8
* Also, Seadrill is launching voluntary incentive payment
offer to convert any and all of $650m principal amount of
3.375% Seadrill convertible bonds due 2017
* Statement:{NSN N8DQIP3PWT1C <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:
Gaurav Panchal at +44-20-7392-0511 or
gpanchal2@bloomberg.net
2014-07-08 06:17:57.574 GMT
By Gaurav Panchal
July 8 (Bloomberg) -- The senior, unsecured bonds will be
convertible into common shares of co.; bonds are expected to
have an annual coupon range of 2% to 2.50% payable semiannually
in arrear.
* Conversion premium 30% to 35% over reference share price
that will be based on VWAP of shares on Oslo Stock Exchange,
NYSE between opening and closing of market on July 8
* Seadrill will have right to call bonds after three years
plus 21 days if value of Seadrill shares underlying one
bond, for specified period of time, exceeds 130% of
principal amount of bond
* Bonds expected to be issued on or around July 16
* Proceeds to fund newbuild program, general corporate
purposes
* ABG Sundal Collier, BNP Paribas, Deutsche Bank joint
bookrunners.
* Final terms, conditions expected July 8
* Also, Seadrill is launching voluntary incentive payment
offer to convert any and all of $650m principal amount of
3.375% Seadrill convertible bonds due 2017
* Statement:{NSN N8DQIP3PWT1C <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:
Gaurav Panchal at +44-20-7392-0511 or
gpanchal2@bloomberg.net