SDLP - Seadrill Partners LLC Announces Public Offering of 12,900,000 Common Units
December 02 2013 - 4:21PM
London, United Kingdom,
December 02, 2013 - Seadrill Partners LLC ("Seadrill
Partners" or the "Company") (NYSE: SDLP) announced today that it
plans to offer 12,900,000 common units representing liability
company interests in a public offering. In addition, and
concurrently with the closing of the public offering, Seadrill
Limited ("Seadrill") has agreed that it will purchase $50.0 million
of common units at the public offering price. The Company
intends to use the net proceeds from the public offering and the
concurrent private placement to fund its portion of the cash
purchase price in connection with the previously announced proposed
acquisitions by Seadrill Operating LP and Seadrill Capricorn
Holdings LLC of the semi-submersible drilling rigs, the West Leo and the West Sirius,
respectively (the "Acquisitions").
Seadrill Partners was formed by Seadrill to own, operate and
acquire offshore drilling rigs under long-term contracts. Its
current fleet consists of two semi-submersible rigs (the West Capricorn and the West
Aquarius), one drillship (the West
Capella), two tender rigs (the T-15 and
the T-16), and one semi-tender (the
West Vencedor).
Citigroup, BofA Merrill Lynch, Goldman, Sachs
& Co., Morgan Stanley, Wells Fargo Securities, Deutsche Bank
Securities and RBC Capital Markets are acting as the joint
bookrunning managers, and DNB Markets, Fearnley Securities and
Global Hunter Securities are acting as co-managers, in connection
with the offering of common units.
When available, copies of the preliminary
prospectus supplement and accompanying base prospectus related to
this offering may be obtained from the offices of: Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, Telephone: 800-831-9146, Email:
BATProspectusdept@citi.com; BofA Merrill Lynch, 222 Broadway, New
York, NY 10038, Attn: Prospectus Department or Email
dg.prospectusrequests@baml.com; Goldman, Sachs & Co.,
Attention: Prospectus Department, 200 West Street, New York, NY
10282, Telephone: 866-471-2526, Facsimile: 212-902-9316, Email:
prospectus-ny@ny.email.gs.com; Morgan Stanley, Attn: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014;
Wells Fargo Securities, Attention: Equity Syndicate Department, 375
Park Avenue, New York, New York, 10152, Telephone: 800-326-5897,
Email: cmclientsupport@wellsfargo.com; Deutsche Bank Securities
Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY
10005-2836, Telephone: 800-503-4611, Email: prospectus.cpdg@db.com,
or RBC Capital Markets, LLC, Three World Financial Center, 200
Vesey Street, 8th Floor, New York, NY 10281-8098, Telephone:
877-822-4089.
This news release does not constitute an offer to
sell or a solicitation of an offer to buy the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The common units in the
public offering will be offered and sold pursuant to an effective
registration statement on Form F-3 previously filed with the
Securities and Exchange Commission (the "SEC") (File No.
333192053). This offering may be made only by means of a prospectus
supplement and accompanying base prospectus, which will be filed
with the SEC.
The statements in this press release that are not
historical facts may be forward-looking statements. These forward
looking statements, which include statements related to the public
offering of common units, the concurrent private placement and the
use of proceeds therefrom, are based upon the current beliefs and
expectations of Seadrill Partners' management and are subject to
risks and uncertainties, which could cause actual results to differ
from the forward looking statements. The information set forth
herein should be read in light of such risks. Seadrill Partners
does not assume any obligation to update the information contained
in this press release.
Questions should be directed to:
Graham Robjohns: Chief Executive Officer
Rune Magnus Lundetræ: Chief Financial
Officer
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Seadrill Partners LLC via Globenewswire
HUG#1747225
Seadrill Partners (NYSE:SDLP)
Historical Stock Chart
From May 2024 to Jun 2024
Seadrill Partners (NYSE:SDLP)
Historical Stock Chart
From Jun 2023 to Jun 2024