Offshore driller Seadrill has managed to reach a global settlement with an ad hoc group of bondholders, the official committee of unsecured creditors, and other major creditors in its chapter 11 cases.
According to Seadrill, some 70% of the company’s bondholders by principal amount have now signed an agreement to support Seadrill’s restructuring. To remind, the company in September had support of 40 percent of bondholders.
Brazil Energy Insight 
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