John Fredriksen’s Seadrill remains likely to restructure under Chapter 11 having pushed forward a key deadline to get a deal in place.
Seadrill nudged the restructuring date forward to 12 September at the same time as securing an extra month on the maturity of a $450m loan.
The driller says it’s in advanced discussions with both third party and related party investors plus its lenders over a comprehensive recapitalization.
