SDRL - Seadrill Receives Court Approval of "First Day" Motions
Hamilton, Bermuda, September 13, 2017 - Seadrill Limited ("Seadrill" or the "Company") announces today that the court overseeing the Company's chapter 11 restructuring proceedings has granted the relief requested by the Company in its key first-day motions related to ordinary course business activities. The approved motions give the Company the authority to, among other things, continue to pay employee wages and benefits without interruption, continue to utilize its cash management system and continue to pay all suppliers and vendors in full under normal terms. The Company intends to