SDRL - Contemplating issuing new unsecured bonds

HAMILTON, Bermuda, March 6, 2014 (GLOBE NEWSWIRE) -- Seadrill is contemplating issuing new senior unsecured bonds denominated in Swedish kronor in the Norwegian bond market with maturity in March 2019.

The net proceeds from the Bond Issue will be used for general corporate purposes.

Danske Bank Markets, Nordea Markets and Swedbank Norway are acting as Joint Lead Managers for the issuance.

Media contact
Rune Magnus Lundetræ
Chief Financial Officer
Seadrill Management Ltd.
+44 (0) 7766 071010

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

HUG#1766850

Source:Seadrill Limited