SDLPF News and Press, Seadrill Partners LLC - Unit

MikeMareen/iStock Editorial via Getty Images Seadrill (SDRLF) takes a major step towards emerging from Chapter 11 bankruptcy after reaching agreements with most of its lenders to raise $350M in new financing and cut liabilities by more than $4.9B. Some of the lenders also agree to backstop a ...

Stock rallies after management points to a likely industry recovery starting in H2/2021. Discussing comments made on the company's Q3 conference call on Tuesday. Transocean still has to deal with the fallout from recent debt exchange transactions as large noteholders have filed a laws...

Seadrill ( SDRLF ) announced that it had entered into forbearance agreements with certain creditors under the company’s secured credit facilities, senior secured notes and a guarantee facility. Previously, the company stated that it was evaluating restructuring proposals, and that p...

Seadrill ( SDRL ) has just provided its second-quarter report which confirmed the obvious - the company is ready for its second restructuring. Let’s start with the main announcement from Seadrill: “ We continue to evaluate capital structure proposals from our financial stakehol...

Seadrill Partners ( OTC:SDLPF ) : 1H Net loss of $1.01B. More news on: Seadrill Partners LLC, Earnings news and commentary, Energy stocks news, , Read more ...

Note: I have covered Transocean (NYSE: RIG ) previously, so investors should view this as an update to my earlier articles on the company. On Wednesday, leading offshore driller Valaris PLC ( OTCPK:VALPQ ) finally filed for bankruptcy , a move that had been anticipated by the in...

Seadrill Partners ( SDLPF ) has recently reported that it elected not to pay a $49 million interest payment for Term Loan B holders and reached an agreement that removed the potential for the event of default for the non-payment of this interest installment. In turn, Term Loan B lenders wi...

Seadrill Partners ( OTC:SDLPF +12.5% ) says it reached agreement with lenders that removes the potential for an event of default related to non-payment of interest at the end of the current grace period, which expires July 30. More news on: Seadrill Partners LLC, Seadrill Limited, En...

Note: I have covered Transocean (NYSE: RIG ) previously, so investors should view this as an update to my earlier articles on the company. Last week, leading offshore driller Transocean reported Q1/2020 results largely in line with expectations but on the conference call lowere...

Note: I have previously covered Diamond Offshore Drilling ( DO ), so investors should view this as an update to my earlier articles on the company. Not even two weeks ago, leading offshore driller Diamond Offshore Drilling ("Diamond Offshore") shocked investors with its decis...