Seadrill has so far spent more than USD 150 million on consultants for what has been described as the largest restructuring process ever in Norwegian business.
The total bill for the debt restructuring of the company, one of the world's biggest drilling rig owners, is expected to be much greater, as Seadrill has filed for Chapter 11, a process that is associated with significant costs, centrally placed sources tell Dagens Næringsliv after the Fredriksen-controlled company Wednesday announced a comprehensive rehabilitation plan that will see Seadrill get USD 1.06 billion in fresh capital and postpone debt totaling USD 5.7 billion by five years.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for EnergyWatch has now started
With your free trial you get:
Full access to all locked articles on EnergyWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.