SEADRILL Ltd (SDRL) Form 8-K — Jun 30, 2026
Seadrill Finance Limited, a wholly owned subsidiary of Seadrill Limited, issued $700 million in 6.750% Senior Notes due 2034 on June 30, 2026, in a Rule 144A and Regulation S offering. The Notes are fully and unconditionally guaranteed by Seadrill Limited and certain subsidiaries, with interest payable semi-annually beginning January 15, 2027. The net proceeds were used to redeem and discharge all outstanding 8.375% Senior Secured Second Lien Notes due 2030, approximately $575 million of which remained outstanding as of March 31, 2026. The 2030 Notes indenture was satisfied and discharged upon deposit of sufficient funds with the trustee.
Key figures
- Debt Amount
- 700000000
- Interest Rate
- 6.75
- Maturity Date
- 2034-07-15
- Revolver new usd
- 300000000
- Revolver previous usd
- 225000000
- Existing notes maturity
- 2030
- Existing notes rate percent
- 8.375
- Existing notes outstanding usd
- 575000000
- Redemption premium 2029 percent
- 103.375
- Redemption premium 2030 percent
- 101.688
- Minimum gross proceeds condition usd
- 600000000
- Equity offering redemption price percent
- 106.75
- Change of control repurchase price percent
- 101
Price after filing
Close on the filing date to close N calendar days later (from $37.82). Historical, not a forecast.
AI analysis
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