Seadrill Announces Timeline for Expected Emergence from Chapter 11 [Reuters]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: Reuters
Seadrill Ltd (SDRL.N) Key Developments | Reuters.com June 7 (Reuters) - Seadrill Ltd ::REG-SDRL - SEADRILL ANNOUNCES TIMELINE FOR EXPECTED EMERGENCE FROM CHAPTER 11.SAYS ANTICIPATES EMERGING FROM CHAPTER 11 PROCESS IN FIRST HALF OF JULY 2018.SEADRILL- SINCE CONFIRMATION OF PLAN, CO HAS BEEN PREPARING TO CLOSE PLAN TRANSACTIONS AND SATISFY CONDITIONS PRECEDENT.PLAN TO RE-LIST NEW COMPANY'S COMMON STOCK ON BOTH NEW YORK STOCK EXCHANGE AND OSLO STOCK EXCHANGE AS BEFORE.PLAN WILL RESULT IN EQUITIZATION OF APPROXIMATELY $2.3 BILLION IN UNSECURED BOND OBLIGATIONS.PLAN WILL ALSO RESULT IN MORE THAN $1 BILLION IN CONTINGENT NEWBUILD OBLIGATIONS.SEADRILL- PLAN WILL RESULT IN SUBSTANTIAL UNLIQUIDATED GUARANTY OBLIGATIONS, MORE THAN $250 MILLION IN UNSECURED INTEREST RATE AND CURRENCY SWAP CLAIMS. Reuters, the news and media division of Thomson Reuters , is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted busines
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