Seadrill, Creditors File Joint Restructuring Plan -Court Filing



Reuters

OSLO, Feb 26 (Reuters) - Oslo-listed rig firm Seadrill and its major creditors filed a joint amendment to the company's financial restructuring plan on Monday, U.S. court documents showed.

The Oslo and New York-listed firm, once the world's largest offshore driller by market value, filed for Chapter 11 bankruptcy protection at a Texas bankruptcy court last September after a sharp drop in oil prices in 2014 cut demand for rigs.

(Reporting by Oslo newsroom)



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