Seadrill buys time with postponement of major debt
John Fredriksen's struggling rig company Seadrill has obtained permission from its banks to postpone debt worth a total USD 2.4 billion by three months. This buys the company time to land a restructuring deal.
![](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article4788456.ece/ALTERNATES/schema-16_9/Seadrill-West-Orion-web.jpg)
Rig company Seadrill, under control of Norwegian business magnate John Fredriksen, has bought itself more time to find a rescue plan.
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