Seadrill extends forbearance period with its creditors

Seadrill has gotten another month from its creditors to find a solution to its growing debt problems. A forbearance agreement is extended to the end of October.

Anton Dibowitz is CEO of Seadrill, which is controlled by John Fredriksen. | Photo: PR / Seadrill

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

Strained rig operator Seadrill has gotten more time to find a solution for its debt woes.

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Seadrill subsidiary's offices searched in connection with Brazilian corruption case
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Seadrill enters forbearance agreements with select creditors
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Seadrill buys shareholders out of Asia Offshore Drilling
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