Seadrill's $1B restructure

DEEPWATER driller Seadrill has voluntarily gone into Chapter 11 bankruptcy and entered into a debt restructuring deal with its majority lenders for US$1 billion (A$1.25 billion) of new capital.

Seadrill's $1B restructure Seadrill's $1B restructure Seadrill's $1B restructure Seadrill's $1B restructure Seadrill's $1B restructure
The Chapter 11 deal, filed in Texas, was concurrently filed with the restructure deal and will ensure under a "first day" motion that daily operations will continue and wages and creditors paid.

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