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Stock impact report

Seadrill moves to insulate Seadrill Partners in restructuring [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 moves to insulate Seadrill Partners in restructuringAug 17 (Reuters) - Seadrill Ltd :Amendments to certain credit facilities to insulate seadrill partners from seadrill limited's restructuring.has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company's likely use of chapter 11 proceedings to implement its restructuring plan.The amendments to the three facilities remove Seadrill Partners and its consolidated entities as a borrower or guarantor and separate the facilities such that each resulting Seadrill Limited facility is secured only by Seadrill Limited's assets without recourse to Seadrill Partners or its assets.Transaction is part of company's comprehensive restructuring plan that is intended to preserve value of its equity stakes in seadrill partners and its consolidated entities.Discussions continue with certain third p Show less Read more
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