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