Mon 07/26/2021 12:54 PM
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Relevant Documents:
Plan of Reorganization
Disclosure Statement
Press Release
DS Approval Motion
Backstop 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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