Insolvency Guardian Media Centre

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HAMILTON, Bermuda, July 2, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) (OTCPK: SDRLF) and the Issuer
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HAMILTON, Bermuda, July 2, 2021 /PRNewswire/ — Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL) (OTCPK: SDRLF) and the Issuer announce that, further to the announcement made by Seadrill and the Issuer on June 18, 2021, the Issuer and certain of its subsidiaries have today agreed key commercial terms for a comprehensive restructuring of the Issuer and entered into a restructuring support agreement (“RSA”) with approximately 79 per cent. in value of the holders of the Issuer’s 12.0% senior secured notes due 2025 (the “Notes”) pursuant to which the parties thereto have agreed to the terms of the restructuring. Under the RSA, the parties have also reached agreement on the terms of a restructuring proposal in relation to the busi…

Read the full article at: https://finance.yahoo.com/news/seadrill-finance-limited-issuer-restructuring-064700664.html

Phil Mickelson has enjoyed plenty of accolades, stemming from his historic victory at the PGA Championship.

At 50 years old, the veteran PGA golfer became the oldest major winner, after shooting a final-round score of 73. He defeated Brooks Koepka and Louis Oosthuizen by two strokes to secure the Wanamaker Trophy.

Mickelson is now in Detroit, embarking on his first-ever appearance at the Rocket Mortgage Classic.

Just ahead of the four-day tournament, The Detroit News published a story regarding an unpaid gambling debt owed to Mickelson and his ties to “one of the biggest gamblers in Detroit history.”

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Mickelson was not accused of any wrongdoings, but was apparently owed a significant amount of money.