NADL - Completes placement of NOK 1,500 million unsecured bond issue

HAMILTON, Bermuda, Oct. 17, 2013 (GLOBE NEWSWIRE) --

North Atlantic Drilling Ltd. has successfully completed a NOK 1,500 million senior unsecured bond issue with maturity in October 2018. Settlement date is expected to be October 30, 2013. An application will be made for the bonds to be listed on the Oslo Børs. The net proceeds from the bond issuance will be used to repay existing indebtedness. DNB Markets, Danske Bank, Nordea Markets, Pareto Securities, SEB and Swedbank First Securities acted as Joint Lead Managers for the issuance. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. [HUG#1736525] CONTACT: Seadrill +47 51 30 99 00Source:Seadrill Limited