SDRLF News and Press, Seadrill From 04/05/21

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Seadrill (SDRLF) has proposed a debt writeoff of more than $4.8B, or by more than 86%, in its latest restructuring proposal that envisions it emerging from bankruptcy by September with $750M in total debt and $300M in fresh capital.In a proposal sent to the U.S. bankruptcy court in Houston ah...

Seadrill New Finance Limited, a subsidiary of Seadrill Limited (SDRLF) has agreed to extend the existing forbearance agreement announced on 11 February 2021, and extended on 23 February 2021, with respect to the 12.0% senior secured notes due 2025 with certain holders of the notes.Note holder...

Seadrill New Finance Limited Announces Extension of Forbearance Agreement PR Newswire HAMILTON, Bermuda , March 9, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer...

Seadrill (SDRLF) reports a $2.91B loss for H2 2020, including a $2.9B non-cash impairment on its assets due to a bleak outlook for the offshore oil drilling sector.The H2 writedown comes on top of $1.2B taken on the assets in H1.For the full year, Seadrill suffered a $4.66B loss, deeper than ...

Seadrill (SDRLF): 2H GAAP EPS of -$29.02.Revenue of $461M (-22.9% Y/Y)Stuart Jackson, CEO: "Our 2nd half 2020 results reflect the impact of executing backlog contracted during tough market conditions. As a consequence, we have also taken significant impairments on our assets as the likelihood...

SDRL - Seadrill New Finance Limited Announces Extension of Forbearance Agreement PR Newswire HAMILTON, Bermuda , Feb. 23, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited ...

Seadrill New Finance Limited Announces Forbearance Agreement PR Newswire HAMILTON, Bermuda , Feb. 11, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that Seadrill New Finance Limited (the "Issuer"), a subsidi...

Seadrill (SDRLF) says it has filed for bankruptcy protection in the U.S., the second time in four years the company has entered into Chapter 11 restructuring.The offshore drilling rig contractor returned to court along with several subsidiaries after failing to win consent from lenders to pos...

Seadrill Limited (SDRL): Filing of Chapter 11 Cases for Seadrill PR Newswire HAMILTON, Bermuda , Feb. 10, 2021 /PRNewswire/ -- The Board of Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL, OTCQX:SDRLF) today announces that Chapter 11 cases have...