Seadrill Partners in 6.1M-unit public offering, $100M private placement

|About: Seadrill Partners, LLC (SDLP)|By:, SA News Editor

Seadrill Partners (SDLP) -4.5% AH on news it plans a public offering of 6.1M common units; also, Seadrill (SDRL) agrees to purchase directly from SDLP at least $100M of common units via a private placement concurrent with the public offering.

SDRL plans to use the proceeds for general corporate purposes, which may include acquisitions, repayment of indebtedness and working capital uses.