Seadrill New Finance Limited (the “Issuer”) – Update on SeaMex restructuring
Hamilton, Bermuda | August 31, 2021 - Seadrill Limited (“Seadrill” or the “Company”) (OSE: SDRL, OTCPK:SDRLF) and the Issuer announce, further to the announcement made by Seadrill and the Issuer on July 2, 2021 (the “2 July Announcement”), the entry into a restructuring implementation deed (the “RID”) by, among others, the joint provisional liquidators of SeaMex Ltd. (in provisional liquidation) (“SeaMex”), and the refinancing of the SeaMex senior secured bank debt by the issuance of new senior secured notes (the “New SeaMex Notes”). SeaMex is a 50/50 joint venture entered into by one of