SDRL - Successful Completion of Consent Solicitation for Proposed Amendments to 12.0% Senior Secured Notes due 2025
Hamilton, Bermuda, March 11, 2019 - Seadrill Limited (the "Company") announces the successful completion of the consent solicitation process to amend certain terms of the indenture and the escrow agreement related to its 12.0% Senior Secured Notes due 2025 (the "Notes"). The consent solicitation expired at 5:00 p.m., New York City time, on March 8, 2019. Approximately 89% in aggregate principal amount of the Notes consented to the proposed amendments and a consent fee totaling c.$1.7 million was paid to consenting noteholders. The company has entered into a supplemental indenture and