4 May 2024
Seadrill secures USD 1 billion lifeline as it files for chapter 11 bankruptcy protection
Publication date: 13 September 2017
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Troubled offshore drilling contractor Seadrill has filed for chapter 11 bankruptcy protection from a Texas court after striking a restructuring deal that delivers USD 1.06 billion of new capital but significantly dilutes shareholder equity.
The embattled driller has secured protection from creditors and lenders for ...