Seadrill gets court approval for rescue plan – will leave Chapter 11 within 60 days

John Fredriksen's strained drilling company Seadrill has received final approval of its restructuring plan by a court in Texas. The company now expects to exit bankruptcy protection within 60 days.

Photo: Reuters File Photo/Reuters/Ritzau Scanpix

by daniel logan, shippingwatch, translated by christoffer østergaard

Seadrill's comprehensive restructuring plan has been confirmed by a court in Texas where the company has been under Chapter 11 bankruptcy protection with the aim of reorganizing its extensive debt.

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Seadrill receives "overwhelming" support for rescue plan from lenders
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John Fredriksen disposes of Seadrill shares
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US court approves Seadrill's reorganization plan
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