Offshore

Media: Seadrill's debt has reached USD 14 billion

Rig company Seadrill's debt is far greater than the annual report seems to indicate, reports Dagens Næringsliv. The debt at John Fredriksen's company stands at USD 14 billion. If the company is unable to settle a rescue plan, it could end up as one the biggest bankruptcies in history.
Photo: Seadrill
Photo: Seadrill
by LOUISE VOGDRUP-SCHMIDT

The debt at John Fredriksen-controlled Seadrill is huge – and greater than is readily apparent from the annual report published earlier this week. According to Norwegian business daily Dagens Næringsliv, the debt, including all debt commitments, stands at USD 14 billion.

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