January 20, 2014 / 10:10 AM / 4 years ago

BRIEF-North Atlantic Drilling launches $600 mln bond -Seadrill

OSLO, Jan 20 (Reuters) - Oil driller Seadrill says:

* Its spin-off North Atlantic Drilling, in which it is a major shareholder, announces a proposed offering of $600 million of unsecured senior notes due 2019

* Intends to use the net proceeds of this offering for the prepayment of existing indebtedness, including a premium on early settlement, transaction expenses and general corporate purposes. Source text for Eikon: Further company coverage:

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