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SDRL: Seadrill Announces Confirmation Of Plan Of Reorganization | Hellenic Shipping News Worldwide

Seadrill Limited announces that its Plan of Reorganization (the “Plan”) has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. Earlier this month, the Plan received overwhelming support from the Company’s stakeholders. Following the Court’s approval of the Plan, Seadrill is targeting an exit of Chapter 11 proceedings in approximately 60 ...
United States Stuart Jackson Us Bankruptcy Court Seadrill Limited Southern District Seadrill Chief Executive Officer

Seadrill announces confirmation of Plan of Reorganization

Seadrill has announced that its Plan of Reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. The Plan raises $350 million in new financing and reduces the Company’s existing liabilities by $4.9 billion, while leaving employee, customer, and trade claims unaffected.
United States Stuart Jackson Us Bankruptcy Court Southern District Seadrill Chief Executive Officer E Ampp News

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