SDRL - Seadrill Agrees to Debt-for-Equity Exchange
Hamilton, Bermuda, June 9, 2016 - Seadrill Limited ("Seadrill" or the "Company") announces today that it has entered into a privately negotiated exchange agreement with certain holders of its outstanding 5-5/8% Senior Notes due 2017 (the "2017 Notes"), pursuant to which the Company has agreed to issue a total of 7,500,000 new shares of its common stock, par value $2.00 per share, in exchange for $50.0 million principal amount of the 2017 Notes in accordance with Section 3(a)(9) of the U.S. Securities Act of 1933, as amended (the "Exchange"). Settlement is expected to occur on June
Public invited to visit this rare, pungent plant during the 12 to 48 hours of its bloomPittsburgh, Pa. — Tonight at Phipps Conservatory and Botanical Gardens , the exotic corpse flower affectionately known as “Romero” began blooming, a rare spectacle that occurs once every three to seven years. This odiferous occasion lasts for only 12 to 48 hours and fills Phipps’ glasshouse with a smell to wake the dead — the pungent scent of rotting flesh. Phipps is extending its hours until 2 a.m. on Wed., June 8, to allow guests the opportunity to get a whiff of this
