Press

SDRL - Completion of mandatory offer to purchase up to US$56 million of its 12.0% Senior Secured Notes due 2025


Seadrill Limited ("Seadrill" or the "Company") announces the completion of the mandatory offer to purchase approximately US$56 million (the "Asset Sale Offer") of its 12.0% Senior Secured Notes due 2025 (the "Notes") announced on October 10, 2018 related to the proceeds of a deferred consideration agreement with Sapura Energy.

The Asset Sale Offer expired at 5:00 p.m., New York City time, on November 9, 2018 (the "Expiration Time"). As of the Expiration Time, $148,243 in aggregate principal amount of the Notes were validly tendered.  The Company accepted and made payment for the tendered Notes on November 14, 2018.

The Asset Sale Offer was made pursuant only to the terms and conditions contained in the offer to purchase. This press release is for informational purposes only and does not constitute an offer to purchase, or a solicitation of an offer to sell, any security, nor shall there be any sale of any security in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. 



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