HAMILTON, Bermuda, July 2, 2021 /PRNewswire/ — Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL) (OTCPK: SDRLF) and the Issuer announce that, further to the announcement made by Seadrill and the Issuer on June 18, 2021, the Issuer and certain of its subsidiaries have today agreed key commercial terms for a comprehensive restructuring of the Issuer and entered into a restructuring support agreement (“RSA”) with approximately 79 per cent. in value of the holders of the Issuer’s 12.0% senior secured notes due 2025 (the “Notes”) pursuant to which the parties thereto have agreed to the terms of the restructuring. Under the RSA, the parties have also reached agreement on the terms of a restructuring proposal in relation to the busi…
Read the full article at: https://finance.yahoo.com/news/seadrill-finance-limited-issuer-restructuring-064700664.html