Hamilton, Bermuda, April 4, 2017 – Seadrill Limited (“Seadrill or the Company”) announces today that it has reached agreement with its banking group to extend a series of key dates as part of the Company’s ongoing restructuring efforts. The Company has reached an agreement to extend the milestone to implement a restructuring plan from 30 April to 31 July 2017 and also to extend the related covenant amendments and waivers expiring on 30 June 2017 to 30 September 2017. Finally, the Company has also received lender consent to extend the maturity dates of the following three facilities:
- The US$450 million credit facility maturing on 30 April 2017 will be extended until 15 August 2017
- The US$400 million credit facility maturing on …
Read the full article at: https://globenewswire.com/news-release/2017/04/04/953875/0/en/SDRL-Amendments-to-Secured-Credit-Facilities.html