Seadrill Ltd. has hired legal and financial advisers for talks with senior creditors on restructuring the companys $7.5 billion debt load that could lead the offshore contract driller to make its second trip to bankruptcy court in less than three years.
In an earnings call Tuesday, Stuart Jackson, the companys chief financial officer, said the business downturn due to the coronavirus pandemic, along with the oil-price war between Saudi Arabia and Russia, have forced Seadrill to abandon what he called an interim solution…
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