Mon 07/26/2021 12:54 PM
Relevant Documents:Plan of ReorganizationDisclosure StatementPress ReleaseDS Approval MotionBackstop Motion
The Seadrill Ltd. debtors filed their first plan of reorganization and disclosure statement on Saturday, July 24, as well as a DS approval motion and a motion for approval of a backstop commitment letter with certain consenting lenders that have agreed to backstop a $300 million first lien exit facility. The plan incorporates the terms of a July 23 plan support agreement between...
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