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North Atlantic Drilling Ltd. (NADL), a majority owned subsidiary of Seadrill Limited (NYSE: SDRL), announced today that it filed its registration statements with the US Securities and Exchange Commission (SEC) on Tuesday, 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.
The offering of the common shares will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 will be made available when the SEC has completed its review process.
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