Key Developments: North Atlantic Drilling Ltd (NATDF.PK)
8.95USD
17 May 2013
$-0.04 (-0.44%)
$8.99
$8.99
$8.99
$8.89
23,080
71,494
$10.97
$7.20
Latest Key Developments (Source: Significant Developments)
North Atlantic Drilling Ltd Files For Initial Public Offering
North Atlantic Drilling Ltd announced that it filed its registration statements with the US Securities and Exchange Commission (SEC) on December 11, 2012. The Initial Public Offering of NADL's common shares and an exchange offer to exchange existing unregistered shares for SEC-registered shares are expected to commence after the SEC completes its review process. NADL has applied to list its common shares on The New York Stock Exchange under the symbol "NADL". Morgan Stanley will act as the Global Coordinator and Lead Bookrunner of the offering. Full Article
SeaDrill Ltd Updates on North Atlantic Drilling Ltd's Initial Public Offering
SeaDrill Ltd announced that North Atlantic Drilling Ltd (NADL), a majority owned subsidiary of SeaDrill Ltd, announced that it confidentially submitted its first draft registration statement to the United States Securities and Exchange Commission (SEC) on October 26, 2012. The Initial Public Offering of NADL's common shares is expected to commence after the SEC completes its review process. Full Article
North Atlantic Drilling Ltd Secures Extension Of Contract For West Alpha
North Atlantic Drilling Ltd announced that it has received a letter of intent from ExxonMobil for assignment of the harsh environment semi- submersible drilling unit West Alpha. The extension has a firm period of two years with an estimated revenue value of USD410 million. Commencement of operations under the contract extension is expected in the third quarter of 2014, in direct continuation of the next assignment for West Alpha on the Balder field. Consequently, West Alpha has secured firm contracts that will keep the rig employed to third quarter 2016. The customer has an option to extend the contract with one additional year at the same terms as for the first two years. Seadrill has a 74% ownership interest in North Atlantic Drilling Ltd. Full Article
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