
Ailing driller Seadrill, controlled by John Fredriksen, presented a rescue plan Tuesday that will see the drilling company receive USD 1.06 billion in fresh capital while also postponing payment of debt totaling USD 5.7 billion for five years.
The plan is supported by 97 percent of the company's three banks, close to 40 percent of bondholders, and a group of investors headed by the majority shareholder, John Fredriksen's Hemen Holding.
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