Seadrill Ltd.
Description
Seadrill Limited announced the completion of the mandatory offer to purchase approximately $56 million of its 12% senior secured notes due 2025 announced on October 10, 2018 related to the proceeds of a deferred consideration agreement with Sapura Energy.
The asset sale offer expired at 5:00 p.m., New York City time, on November 9, 2018. As of the expiration time, $148,243 in aggregate principal amount of the Notes were validly tendered. The company accepted and made payment for the tendered notes on November 14, 2018.