Norway’s North Atlantic Drilling (NADL) has arranged US $600 million of new finance. Oslo-listed NADL, a subsidiary of rig owner Seadrill, is arranging the new $600 million package of unsecured senior notes due in 2019 priced a 6.25% in a private offering in the US, and says it will use the proceeds for pre-paying existing debt, and for general corporate purposes.
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