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NADL - Contemplating issuing new unsecured bonds

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

North Atlantic Drilling Ltd. is contemplating issuing new senior unsecured bonds in the Norwegian bond market with maturity in October 2018. 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 are acting as Joint Lead Managers for the issuance. Media contact Rune Magnus Lundetræ Chief Financial Officer North Atlantic Management AS +44 (0)20 8811 4778 This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. [HUG#1736337] Source:Seadrill Limited