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re: What happened to SeaDrill the past couple of weeks?

Posted on 4/10/17 at 3:51 pm to
Posted by PlanoPrivateer
Frisco, TX
Member since Jan 2004
2803 posts
Posted on 4/10/17 at 3:51 pm to
This


Seadrill Warns of 'Likely' Bankruptcy Filing in U.S. or U.K.

DJ Realtime News – 9:34 AM ET 04/04/2017

Offshore drilling services company Seadrill Ltd. (SDRL) said Tuesday it is planning a comprehensive debt restructuring that will likely include a bankruptcy filing in the U.S. or the U.K. "We expect the implementation of a comprehensive restructuring plan will likely involve schemes of arrangement or chapter 11 proceedings, and we are preparing accordingly," the Bermuda-based company said in statement. A scheme of arrangement is a U.K. court-supervised debt-restructuring...
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