Seadrill receives "overwhelming" support for rescue plan from lenders
A majority of 88 percent of lenders have accepted a restructuring deal for ailing rig company Seadrill, controlled by John Fredriksen. The rescue plan must be approved by a court before October 26.
by DAG HOLMSTAD
Ailing rig company Seadrill, controlled by John Fredriksen, has gained backing from an "overwhelming" majority of the company's creditors and shareholders for its rescue plan.
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