SDRL - Seadrill Announces Extension of Forbearance Agreements
Hamilton, Bermuda, September 29, 2020 - Seadrill Limited ("Seadrill" or the "Company") (OSE:SDRL, OTCQX:SDRLF) announces that it has agreed to extend and/or renew the existing forbearance agreements with certain creditors, announced on 15 September 2020, in respect of the group's senior secured credit facility agreements, senior secured notes, and guarantee facility agreement. Pursuant to the forbearance agreements, as extended, 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