Seadrill postpones restructuring hearing for third time [Seeking Alpha]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: Seeking Alpha
Seadrill postpones restructuring hearing for third timeOnce the largest drilling rig operator by market value, Seadrill (NYSE:SDRL) has againpostponed an initial hearing on its restructuring plan, from Feb. 7 to Feb. 26, buying more time to consider alternative strategies.It's the third time the company has delayed a hearing on its disclosure statement, which must be approved by the court before creditors can vote on the plan of reorganization.Click to subscribe to real-time analytics on SDRLNow read:Seadrill Gets Contract For West Hercules While Key Restructuring Hearing Is Postponed »
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