Tuesday, October 10, 2017

Seadrill News

  • Seadrill Ltd's official committee of unsecured creditors said it has hired an investment banker and is looking into transactions made by the global offshore drilling contractor before it filed for U.S. Chapter 11 bankruptcy protection in Texas last month. "We are looking at numerous pre-petition transactions that were described at least in part" in Chapter 11 filings by Seadrill on Sept. 12, the committee's lawyer, Douglas Mannal, of Kramer Levin Naftalis & Frankel LLP said at a hearing in Houston on Tuesday. [link]
  • Seadrill Shareholders Will Get a Day in Court to Object to Restructuring [WSJ]

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