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Seadrill Partners emerges from chapter 11

Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has emerged from chapter 11 after completing its reorganisation plan. The plan has equitised around $2.8bn in funded debt obligations, leaving the company debt free on emergence. The company has entered into new management services agreements for its offshore drilling units and has resolved all potential …

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Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has emerged from chapter 11 after completing its reorganisation plan. The plan has equitised around $2.8bn in funded debt obligations, leaving the company debt free on emergence. The company has entered into new management services agreements for its offshore drilling units and has resolved all potential …

[post_title] => Seadrill Partners emerges from chapter 11 [post_excerpt] => Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has emerged from chapter 11 after completing its reorganisation plan. The plan has equitised around $2.8bn in funded debt obligations, leaving the company debt free on emergence. Th... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => seadrill-partners-emerges-from-chapter-11 [to_ping] => [pinged] => [post_modified] => 2021-05-25 02:40:11 [post_modified_gmt] => 2021-05-25 02:40:11 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=143476 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )