Seadrill's unsecured creditors say looking at pre-bankruptcy deals [Reuters]
Seadrill Limited Common Shares (SDRL)
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Source: Reuters
Seadrill's unsecured creditors say looking at pre-bankruptcy deals | Reuters 3 Min Read CHICAGO (Reuters) - Seadrill Ltd’s ( SDRL.OL ) official committee of unsecured creditors said it has hired an investment banker and is looking into transactions made by the global offshore drilling contractor before it filed for U.S. Chapter 11 bankruptcy protection in Texas last month. “We are looking at numerous pre-petition transactions that were described at least in part” in Chapter 11 filings by Seadrill on Sept. 12, the committee’s lawyer, Douglas Mannal, of Kramer Levin Naftalis & Frankel LLP said at a hearing in Houston on Tuesday. “There are unique facts and circumstance in this case and we’ll discuss them more at an appropriate time,” Mannal said. Seadrill could not be reached for comment. While it was unclear which transactions the committee was studying, Seadrill made some amendments to secured credit facilities before filing for creditor protection. In one instance, Seadrill said on
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