EnergyWatch

Seadrill buys time with postponement of major debt

John Fredriksen's struggling rig company Seadrill has obtained permission from its banks to postpone debt worth a total USD 2.4 billion by three months. This buys the company time to land a restructuring deal.

Rig company Seadrill, under control of Norwegian business magnate John Fredriksen, has bought itself more time to find a rescue plan.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

RWE wins German solar tender

The German utility secures rights to develop a solar farm in North Rhine-Westphalia in 2023 after emerging triumphant in solar tender

Further reading

Related articles

Latest News

See all jobs