SDRL - Launches Tender Offer for 12.0% Senior Secured Notes due 2025
Hamilton, Bermuda, March 12, 2019 - Seadrill Limited (the "Company") has commenced a cash tender offer for up to c.$311 million in aggregate principal amount of its 12.0% Senior Secured Notes due 2025 (the "Notes") pursuant to an offer to purchase, dated March 12, 2019. The tender offer will expire at 11:59 p.m., New York City time, on April 8, 2019 (the "Expiration Time"). Tendered Notes may not be withdrawn after the Expiration Time. Holders who validly tender and do not validly withdraw their Notes on or before the Expiration Time will be eligible to receive $1,070 per $1,000