Seadrill extends forbearance period with its creditors

Seadrill has gotten another month from its creditors to find a solution to its growing debt problems. A forbearance agreement is extended to the end of October.

Anton Dibowitz is CEO of Seadrill, which is controlled by John Fredriksen. | Photo: PR / Seadrill

Strained rig operator Seadrill has gotten more time to find a solution for its debt woes.

The company says on Wednesday that it has extended a forbearance agreement with its creditors to the end of October.

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