Seadrill subsidiary emerges from Chapter 11

Seadrill New Finance comes out of US bankruptcy protection under Chapter 11. The company will be renamed in the near future.
Photo: Seadrill
Photo: Seadrill
BY DANIEL LOGAN, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Seadrill subsidiary Seadrill New Finance emerges from Chapter 11 bankruptcy protection in the US following the United States Bankruptcy Court for the Southern District of Texas’ approval of the company’s restructuring plan earlier this month, the subsidiary informs in an announcement.

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