John Fredriksen as Investment Banker – Norwegian Bond Offering

As part of the capitalization of North Atlantic Drilling, the company issued to Seadrill a $500 million 7-year bond with a coupon of 7.75%, which was structured utilizing the standard Norsk Tillitsman terms. It, therefore, should then come as no surprise that in announcing the closing of the acquisition by NADL, Seadrill also declared that it intends to resell the bond in the market.

This is only an excerpt of John Fredriksen as Investment Banker – Norwegian Bond Offering

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.