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SFL – Update on Seadrill Restructuring | Hellenic Shipping News Worldwide

SFL – Update on Seadrill Restructuring
SFL Corporation Ltd. announced yesterday that, according to public filings, Seadrill Ltd. and most of its subsidiaries (“Seadrill”) filed Chapter 11 cases in the Southern District of Texas, USA (the “Chapter 11 Proceedings”).
In connection with Seadrill’s Chapter 11 Proceedings, SFL and certain of its subsidiaries have entered into agreements relating to two of the Company’s drilling rigs that are chartered to subsidiaries of Seadrill to ensure uninterrupted performance on the sub-charters to oil majors. The agreements are subject to approval by the bankruptcy court.
Pursuant to these agreements, Seadrill will be allowed to use funds received from the respective sub-charterers of the rigs West Linus and West Hercules to pay a fixed level of operating and maintenance expenses. In exchange, SFL will receive approximately 75% of the lease hire under the existing charter agreements for West Linus and West Hercules, for t ....

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Seadrill Parent Co. Seeks Equity Swap In $7B Ch. 11 Case

Offshore drilling firm Seadrill Ltd. and dozens of affiliates filed for Chapter 11 protection late Wednesday in Texas, saying they planned to equitize a significant portion of their existing $7 billion of debt through a bankruptcy plan. ....

United States , Seadrill Ltd , Seadrill Partners , ஒன்றுபட்டது மாநிலங்களில் ,

Seadrill to ask court to appoint provisional liquidators

Seadrill to ask court to appoint provisional liquidators
royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.

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Investegate |SFL Corporation Announcements | SFL Corporation: SFL - Update on Seadrill Restructuring

Investegate announcements from SFL Corporation, SFL - Update on Seadrill Restructuring ....

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SFL Corporation: SFL - Update on Seadrill Restructuring

SFL Corporation: SFL - Update on Seadrill Restructuring
SFL Corporation Ltd. (NYSE: SFL) ( SFL or the Company ) announced today that, according to public filings, Seadrill Ltd. and most of its subsidiaries ( Seadrill ) filed Chapter 11 cases in the Southern District of Texas, USA (the Chapter 11 Proceedings ).
In connection with Seadrill s Chapter 11 Proceedings, SFL and certain of its subsidiaries have entered into agreements relating to two of the Company s drilling rigs that are chartered to subsidiaries of Seadrill to ensure uninterrupted performance on the sub-charters to oil majors. The agreements are subject to approval by the bankruptcy court.
Pursuant to these agreements, Seadrill will be allowed to use funds received from the respective sub-charterers of the rigs ....

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