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Seadrill Makes First Step Toward Refinancing

Seadrill Semi-Rig West PegasusBy Stephen Treloar and Mikael Holter (Bloomberg) — Seadrill Ltd., the offshore driller with the biggest debt load, reached a deal with its banks to extend its three nearest credit lines and amend covenants as it seeks to ease its burden amid a drop in the demand for offshore rigs. In the “first phase of […]

The post Seadrill Makes First Step Toward Refinancing appeared first on gCaptain.



This post first appeared on GCaptain - Maritime News, please read the originial post: here

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Seadrill Makes First Step Toward Refinancing

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