SDRLF News and Press, Seadrill From 09/03/21

Seadrill Limited (SDRL) - Court approves Disclosure Statement paving the way for Chapter 11 emergence PR Newswire OSLO, Norway , Sept. 3, 2021 /PRNewswire/ -- Seadrill Limited (SDRL) ("Seadrill" or the "Company") (OSE:SDRL, OTCPK:SDRLF) is pleased to announc...

Company surprisingly exits Saudi Arabia by selling four modern jackup rigs to competitor ADES International ("ADES") at a less-than-stellar price. With ADES partially owned by the Kingdom, Noble might have been pressured to sell the rigs. Nevertheless, the transaction vastly increases...

Seadrill New Finance Limited (the "Issuer") - Update on SeaMex restructuring PR Newswire HAMILTON, Bermuda , Aug. 31, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce, further to the announc...

Seadrill Limited: First Half 2021 Results PR Newswire HAMILTON, Bermuda , Aug. 20, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or "the Company") (OSE: SDRL) (OTCPK: SDRLF), a world leader in offshore drilling, announces a commercial update and provides fina...

SDRL: Seadrill Limited Announces Settlement agreement with Northern Ocean Ltd. PR Newswire HAMILTON, Bermuda , Aug. 8, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or "the Company") (OSE: SDRL) (OTCPK: SDRLF) announces that the Company has reached a settleme...

Seadrill announced its restructuring plan which will reduce its liabilities by approximately $5 billion. Shareholders will get 0.25% of new equity if the plan is approved. Seadrill will emerge as a smaller but healthier competitor, which will have the opportunity to bid aggressive...

Company recently filed its disclosure statement and plan of reorganization with the U.S. bankruptcy court. According to the plan, creditors are expected to own an aggregate 99.75% of the new equity while recovery for existing shareholders has been set at a measly 0.25%. At the mid...

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 ...

Seadrill Limited (SDRL) - Agreement with Stakeholders to raise $350 million and reduce liabilities by approximately $5 billion PR Newswire HAMILTON, Bermuda , July 24, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) (OTC-PINK:...

Ion-Creations/iStock Editorial via Getty Images Noble Corp. ([[NE]] +0.2%) and a consortium led by Transocean ([[RIG]] +2.5%) are competing to buy the assets of bankrupt offshore oil driller Seadrill (SDRLF), Reuters reports. The offer submitted earlier this month from the group comprising Tr...