North Atlantic Drilling Files For IPO - Quick Facts

(RTTNews) - North Atlantic Drilling Ltd. (NADL) reported filing its first amended registration statements with the United States Securities and Exchange Commission or SEC relating to its initial public offering or IPO and concurrent offer to exchange prior issued unregistered common shares, apart from the common shares owned by affiliates of NADL, for common shares that have been registered under the Securities Act of 1933, as amended.

These filings follow NADL's October 11th announcement that it would proceed with an independent listing of its shares on the New York Stock Exchange or NYSE. The IPO of NADL's common shares and concurrent exchange offer are likely to begin after the SEC's review process completion. The company has applied to list its shares on the NYSE under the symbol "NADL".

North Atlantic Drilling is an offshore harsh environment drilling company, in which Seadrill Ltd. (SDRL) currently holds a 74 percent ownership stake.