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
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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
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