Seadrill New Finance Limited (the “Issuer”) Announces Seabras JV Fleet Status Report
Hamilton, Bermuda, November 30, 2021 – Seadrill Limited (“Seadrill” or "the Company") (OSE:SDRL, OTCPK:SDRLF) and the Issuer announce the publication of a Fleet status report for the Seabras Sapura JV. The Issuer continues to take steps to give effect to the restructuring of the Issuer and its 12.0% senior secured notes due 2025 (the “Notes”) as contemplated by the Restructuring Support Agreement entered into between the Issuer and certain of its subsidiaries and approximately 81% of holders of the Notes, dated July 2, 2021. The restructuring of the Issuer is expected to be implemented