Oct 12 Seadrill Partners LLC, which operates and
acquires offshore drilling rigs, said it expects to sell 8.75
million common units for between $20 and $22 each, raising as
much as $192.5 million at the top end.
The company, formed by Seadrill Ltd ,
counts Chevron Corp, BP Plc and ExxonMobil Corp
as its customers.
Seadrill Ltd is the world's biggest deepsea drilling rig
Seadrill Partners plans to use the proceeds from the
offering to acquire stakes in two operating units of Seadrill
Ltd, the company said in a regulatory filing.
The company intends to list its common units on the New York
Stock Exchange under the symbol "SDLP."
Seadrill Ltd Chief Executive Alf Thorkildsen resigned last
week after he disagreed with shipping tycoon John Fredriksen's
plans to shift the company out of Norway.
Seadrill Partners added Morgan Stanley, Wells Fargo
Securities, Credit Suisse and Deutsche Bank Securities among
others as underwriters to the IPO. Citigroup was earlier the
Shares of Seadrill Ltd closed at $39.55 on the New York
Stock Exchange on Friday.