Seadrill New Finance $880 million 12% secured notes issues

2/7/2018

High-yield bond/note issue

Value:

$ 880 million

Status:

Announced

Date:

2/7/2018

Overview:

Seadrill, through subsidiary, Seadrill New Finance has issued $880 million in 12% secured notes due 2025.
The notes formed part of the company's recapitalisation and restructuring.

Jurisdiction:

United Kingdom

Deal type:

High-yield bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Oil and gas

Firm:

Slaughter and May

Party: Seadrill (Issuer)

Lawyers: Ian Johnson, Philip Snell (retired)

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