Seadrill New Finance Limited (the “Issuer”) – Update on Consent Solicitation Launch
Hamilton, Bermuda | July 2, 2021 - Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce that, further to the announcement made by Seadrill and the Issuer on July 2, 2021, a consent solicitation process (the “Consent Solicitation”) has been launched to amend the indenture governing the Issuer’s outstanding 12.0% Senior Secured Notes due 2025, dated as of July 2, 2018, and as amended and supplemented by that certain first supplemental indenture dated as of March 11, 2019. For further details on the amendment proposed by the Consent Solicitation,