Seadrill Limited and the Issuer yesterday announce that the Issuer has emerged from chapter 11 after successfully completing its pre-packaged restructuring pursuant to its chapter 11 plan of reorganization (the “Plan”). As previously announced, the Plan was confirmed by the United States Bankruptcy Court for the Southern District of Texas on January 12, 2022. All …
The post Seadrill New Finance Limited (to be renamed Paratus Energy Services Ltd.) (the “Issuer”) Announces Emergence from Chapter 11 first appeared on Hellenic Shipping News Worldwide.