Inaddition to the public offering, Seadrill has agreed that it will purchase $50mSDLP common units in a private placement.

Theproceeds will go towards the purchase of the semi-submersibles rigs West Leo(built 2012) and West Sirius (built 2008) from Seadrill.

Citigroup,BofA Merrill Lynch, Goldman Sachs, Morgan Stanley, Wells Fargo, Deutsche Bankand RBC Capital Markets are acting as the joint book-running managers.

Norway’sDNB Markets, compatriots Fearnley Securities and US broker Global HunterSecurities are acting as co-managers.

News