SDRL - Amendments to Certain Credit Facilities to Insulate Seadrill Partners from Seadrill Limited's Restructuring
Hamilton, Bermuda, August 17, 2017 - Seadrill Limited ("SDRL or the Company") announces today that it has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company's likely use of chapter 11 proceedings to implement its restructuring plan. The amendments to the three facilities remove Seadrill Partners and its consolidated entities as a borrower or guarantor and separate the facilities such that each resulting Seadrill Limited facility