Itsays the net proceeds of the offering will go towards repaying existing debtand to fund growth capital expenditures.
Fewother details were made available in the statement that was issued late onFriday after the close of the US markets.
Seadrillsaid the private offering would be open to “qualified institutional buyers”within the US and elsewhere.
Thecompany has 18 drillships and rigs on order at shipyards across Asia costing$7bn, of which $1.6bn
