Previous Close | 0.0000 |
Open | 0.5700 |
Bid | 0.0000 x 1800 |
Ask | 0.0000 x 1300 |
Day's Range | 0.5020 - 0.5794 |
52 Week Range | 0.1593 - 1.6400 |
Volume | 9,436,256 |
Avg. Volume | 417,694 |
Market Cap | 0 |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | -0.00 |
EPS (TTM) | N/A |
Earnings Date | Aug 20, 2020 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 6.50 |
Seadrill New Finance Limited (OSE: SDRL) (OTCQX: SDRLF), a company incorporated in Bermuda in 2018 and issuer of the 12.0% senior secured notes due 2025 (the "Notes"), has determined not to make the semi-annual 4% cash interest payment due to the senior secured noteholders on 15 January 2021 in respect of their Notes issued pursuant to the terms of the notes indenture dated 2 July 2018. The payment-in-kind (PIK) interest payment is being made in the ordinary course.
Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) (OTCQX: SDRLF) announces that it has entered into a forbearance agreement with certain creditors in respect of nine out of the group's twelve senior secured credit facility agreements.
The Board of Seadrill Limited ("Seadrill" or the "Company") (OSE: SDRL) (OTCQX: SDRLF) has been informed that the lenders in the AOD facility (under which Asia Offshore Rig 1 Limited, Asia Offshore Rig 2 Limited and Asia Offshore Rig 3 Limited are borrowers) have utilised $97.2 million of AOD's cash contained in restricted accounts secured against their facility to repay a corresponding amount of the $210 million debt outstanding as of today. This leaves $112.8 million of such debt outstanding going forward. The AOD facility maintains sufficient cash to support AOD's operations and this event will have no impact to continued operations.