Aug 17 (Reuters) – Seadrill Ltd
* Amendments to certain credit facilities to insulate
seadrill partners from seadrill limited’s restructuring
* has completed amendments to three secured credit
facilities that relate to rigs purchased by Seadrill Partners
from the Company that will insulate Seadrill Partners from
events of default related to the Company’s likely use of chapter
11 proceedings to implement its restructuring plan
* The amendments to the three facilities remove Seadrill
Partners and its consolidated entities as a borrower or
guarantor and separate the facilities such that each resulting
Seadrill Limited facility is secured only by Seadrill Limited’s
assets without recourse to Seadrill Partn…
Read the full article at: http://www.businessinsider.com/r-brief-seadrill-moves-to-insulate-seadrill-partners-in-restructuring-2017-8