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SDLP - Seadrill Partners LLC Announces Emergence from Chapter 11


Seadrill or the
Company ) announces today (the
Effective Date ) that it has emerged from Chapter 11 after successfully completing its reorganization pursuant to its Chapter 11 plan of reorganization (the
Plan ). All conditions precedent to the restructuring contemplated by the Plan have been satisfied or otherwise waived.
The Plan has equitized approximately $2.8 billion in funded debt obligations, leaving the Company debt free on emergence. As part of the Plan, New Management Services Agreements were entered into for the management of the Company s offshore drilling units and a Transition Services Agreement was agreed to with the Company s prior manager that provides for a safe and efficient transition. Additionally, the Plan has resolved all potential claims against the Company alleged by related parties, secured and unsecured creditors. ....

City Of , United Kingdom , John Bishop , Alans Bigman , N John Lancaster Jr , Stevenl Newman , Danielc Herz , Seadrill Partners , Transition Services Agreement , Jackson Walker , Kirkland Ellis , Evercore Group , Board Of Directors The Company , Management Services Agreements , New Management Services Agreements , New Common , Effective Date , New Common Stock , Prime Clerk , Canada Toll Free , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ஜான் பிஷப் , ச்சனியான ஜான் லான்காஸ்டர் ஜூனியர் , ஜாக்சன் வாக்கர் , கர்க்‌ல்யாஂட் நீள்வட்டம் ,