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Stock impact report

Seadrill expects to be out of chapter 11 within 60-90 days [Reuters]

Seadrill Limited Common Shares (SDRL) 
Last seadrill limited common shares earnings: 8/25 04:01 pm Check Earnings Report
US:NYSE Investor Relations: seadrill.com/investor-relations.aspx
Company Research Source: Reuters
Seadrill Ltd (SDRL.N) Key Developments | Reuters.com April 18 (Reuters) - Rig firm Seadrill Ltd ::SEADRILL ANNOUNCES CONFIRMATION OF PLAN OF REORGANIZATION.PLAN HAS NEAR UNANIMOUS SUPPORT FROM COMPANY'S STAKEHOLDERS AND EMERGENCE FROM CHAPTER 11 IS EXPECTED WITHIN NEXT 60-90 DAYS.ONCE IMPLEMENTED, WE WILL HAVE A STRONG LIQUIDITY POSITION THAT WILL ENABLE US TO TAKE ADVANTAGE OF A MARKET RECOVERY AND TO DELIVER OUR BUSINESS PLAN.THE PLAN STRENGTHENS SEADRILL'S CAPITAL STRUCTURE WITH $1.08 BILLION OF NEW CAPITAL, EXTENDING AND RE-PROFILING $5.7 BILLION OF SECURED BANK DEBT, AND CONVERTING $2.3 BILLION OF UNSECURED BONDS TO EQUITY, WHILE LEAVING EMPLOYEE, CUSTOMER, AND ORDINARY TRADE CLAIMS LARGELY UNAFFECTED nL1N1RU231. 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 business, financial, national, and international news to professionals via Th Show less Read more
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