Seadrill files Chapter 11 bankruptcy protection in Houston to restructure about $10B in debt – Houston Business Journal

Seadrill Ltd. (NYSE: SDRL) and 85 affiliated debtors filed for Chapter 11 bankruptcy protection in Houston Sept. 12 as part of a restructuring plan.The company’s voluntary petition lists total assets of nearly $21.67 million and total debt of $11.6 million, as of Dec. 31. Seadrill plans to restructure about $10 billion in debt, according to the Wall Street Journal and the Financial Times.

Source: Seadrill files Chapter 11 bankruptcy protection in Houston to restructure about $10B in debt – Houston Business Journal

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