Seadrill Ltd. Chairman John Fredriksen and Centerbridge Partners are in talks with the offshore driller's bondholders about a debt-restructuring plan, days before a potential bankruptcy-court filing, according to people familiar with the situation.
Under the proposal, the billionaire and hedge fund will get sizable stakes in a restructured Seadrill in return for helping to fund a new loan totaling about USD 1 billion, said the people, who asked not to be identified because the talks are private.
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