SDRL - Launches Consent Solicitation for Proposed Amendments to 12.0% Senior Secured Notes due 2025 ...
(WorldNews Norway)

Hamilton, Bermuda, February 22, 2019 - Seadrill Limited (the `Company`) has commenced a consent solicitation (the `Consent Solicitation`) process to amend certain terms of the indenture and the escrow agreement related to its outstanding 12.0% Senior Secured Notes due 2025 (the `Notes`). Contingent on the successful completion of the Consent Solicitation, the Company plans to launch a c.$340 million tender offer at a price of 107 plus accrued and unpaid interest shortly thereafter. ......