SDRL - Seadrill Announces Forbearance Agreements
Hamilton, Bermuda, September 15, 2020 - Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that it has entered into forbearance agreements with certain creditors in respect of the group's senior secured credit facility agreements, senior secured notes, and guarantee facility agreement. Pursuant to the forbearance agreements, the consenting creditors have agreed not to exercise any voting rights to, or otherwise take actions, in respect of certain events of default that may arise under the senior secured credit facility agreements, senior notes and guarantee