Seadrill New Finance Limited (the “Issuer”) – Update on SeaMex restructuring
Hamilton, Bermuda | September2, 2021 - Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce, further to the announcement made by Seadrill and the Issuer on August 31, 2021 (the “31 August Announcement”), the entry into the share purchase agreement which effects the sale of substantially all of the assets of SeaMex Ltd. (provisional liquidators appointed) (“SeaMex”) to a newly incorporated wholly owned subsidiary of the Issuer. The completion of the sale is subject to certain customary conditions, including certain antitrust approvals. For further