Underthe revised share offering the Seadrill MLP spin-off has reduced the number ofshares being offered by over 13% to 11.2m.
Inaddition Seadrill will now chip in $100m via a private placement rather thanthe original plan to contribute just $50m.
Thenew shares being sold have been priced at $29.50 each and include anunderwriters option for up to an additional 1.68m shares.
It is therefore setto raise gross proceeds of close to $380m if the underwriters’ option isexercised plus $100m from its parent.
The
