Seadrill Limited (SDRL) has released an update.
Seadrill Limited has successfully executed a strategic financial maneuver by refinancing its debt, issuing $575 million in 8.375% Senior Secured Second Lien Notes due in 2030 to replace higher interest obligations. Additionally, the company has bolstered its liquidity by establishing a new $225 million Senior Secured Revolving Credit Facility with an ‘accordion feature’ for potential expansion. Seadrill has also completed a significant business combination with Aquadrill, solidifying its market position.
For further insights into SDRL stock, check out TipRanks’ Stock Analysis page.
