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Offshore Finance

Seadrill shareholders could lose all in debt-restructuring

Seadrill suffered another loss-making quarter but added to its backlog and has amassed $1bn in cash.

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The loss-making rig operator has already announced plans to cut 30% of its workforce and now says debt-restructuring could ‘result in minimal or no recovery for current shareholders’

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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