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SDRL - Seadrill New Finance Limited Announces Extension of Forbearance Agreement HAMILTON, Bermuda, June 4, 2021 /PRNewswire/ Seadrill Limited ( Seadrill or the Company ) (OSE:SDRL, OTCPK:SDRLF) announces that Seadrill New Finance Limited (the Issuer ), a subsidiary of the Company, has agreed to further extend the existing forbearance agreement announced on 19 April 2021, and extended on 17 May 2021 and 27 May 2021, with respect to the 12.0% senior secured notes due 2025 (the Notes ) with certain holders of the Notes (the Note Holders ). Pursuant to the forbearance agreement, as extended, the consenting Note Holders have agreed not to exercise any enforcement rights with respect to the Issuer and any subsidiary of the Issuer which is an obligor under the Notes to, or otherwise take actions in respect of, certain events of default that may arise under the Notes as a result of, amongst other things, the Issuer not making the semi-annual 4% cash interest payment due to ....
Seadrill Limited announces that Seadrill New Finance Limited (the “Issuer”), a subsidiary of the Company, has agreed to further extend the existing forbearance agreement announced on 19 April 2021, and extended on 17 May 2021, with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the “Note . ....
Share this article Share this article HAMILTON, Bermuda, May 27, 2021 /PRNewswire/ Seadrill Limited ( Seadrill or the Company ) (OSE: SDRL, OTCPK: SDRLF) announces that Seadrill New Finance Limited (the Issuer ), a subsidiary of the Company, has agreed to further extend the existing forbearance agreement announced on 19 April 2021, and extended on 17 May 2021, with respect to the 12.0% senior secured notes due 2025 (the Notes ) with certain holders of the Notes (the Note Holders ). Pursuant to the forbearance agreement, as extended, the consenting Note Holders have agreed not to exercise any enforcement rights with respect to the Issuer and any subsidiary of the Issuer which is an obligor under the Notes to, or otherwise take actions in respect of, certain events of default that may arise under the Notes as a result of, amongst other things, the Issuer not making the semi-annual 4% cash interest payment due to the senior secured noteholders on 15 January 2021 in ....