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Seadrill Limited (SDRL) Announces Offering of Additional $75 Million 8.375% Senior Secured Second Lien Notes Due 2030

PR Newswire - Tue Jul 25, 2023

HAMILTON, Bermuda, July 25, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) (OSE: SDRL) announced today that, subject to market conditions, it intends to offer (the "Offering") for sale to eligible purchasers in an offering under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), an additional $75 million in aggregate principal amount 8.375% Senior Secured Second Lien Notes due 2030 (the "Incremental Notes") to be issued by Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill ("Seadrill Finance"). The Offering of the Incremental Notes is conditioned on the closing of the offering of the Original Notes (as defined below).

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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