Seadrill Gets OK For Vote On $5.6B Equity-Swap Ch. 11 Plan
By Rick Archer ( September 2, 2021, 5:02 PM EDT) -- A Texas bankruptcy judge on Thursday gave offshore oil driller Seadrill Ltd. permission to send a $5.6 billion equity swap Chapter 11 plan to its creditors for a vote after the company and a creditor agreed to drop or delay disputes over asset sales and an exit financing backstop....
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