Seadrill and its unsecured creditors could be moving closer to a compromise as the drilling company looks to move ahead with its restructuring, a debt analyst believes.
Seadrill filed for Chapter 11 protection last year and has seen two competing bids put forward to rival a proposal from John Fredriksen and partner Centrebridge.
However, following in-person settlement meetings last week, Kyle Owusu, a distressed debt analyst at Reorg Research, suggests the parties are moving closer to common ground.
