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SDRL - Seadrill: Potential Debt Restructuring At Seadrill Partners Could Be A Major Blow
Seadrill Limited
Note: I have covered Seadrill (NYSE:SDRL) previously, so investors should view this as an update to myearlier articleson the company.
A string of recent events at subsidiary Seadrill Partners (SDLP) has meaningfully increased the likelihood of the partnership pursuing a comprehensive debt restructuring in the not too distant future:
On December 18, the company announced the addition of a restructuring expert to the board of directors. At the same time, two long-standing members originally nominated by parent company Seadrill resigned.
On January 10, Seadrill Partners disclosed CEO Mark Morris