Shares of Seadrill Sink More Than 50% -- Here's Why [The Motley Fool]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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seadrill.com/investor-relations.aspx
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Source: The Motley Fool
It sounds like management is throwing in the towel. Tyler Crowe ( TMFDirtyBird ) Apr 4, 2017 at 1:13PM What happened Shares of Seadrill Limited ( NYSE:SDRL ) are down 52% as of noon EDT. The sharp decline comes after the company announced it had extended the renegotiation period with its lenders to find a solution for the company's debt load. Image source: Getty Images. So what At first, the announcement that the company had extended the renegotiation period for its upcoming credit facilities sounded like good news: It meant that creditors were giving Seadrill more time to sort things out. Unfortunately, that wasn't the case. Following the announcement that creditors had extended the maturity date of those credit facilities, here's what management said: While no definitive terms have been reached, based on stakeholder and new money
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News
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