Seadrill announces second quarter 2023 results and $250 million share repurchase authorization

Delivered $159 million of adjusted ebitda(1) on $414 million of revenue, resulting in an adjusted ebitda margin(1) of 38.4%, and net income of $94 million, or $1.16 per diluted share closed aquadrill transaction on april 3, increasing contracted floater count for the quarter by four to 12 after the quarter, successfully issued $575 million of 8.375% senior secured second lien notes due 2030 and executed a new $225 million revolving credit facility with an accordion feature of up to $100 million on july 28, completed the sale of three tender-assist units for approximately $85 million, as the company focuses on deepwater initiated shareholder return program with share repurchase authorization of up to $250 million hamilton, bermuda , aug. 15, 2023 /prnewswire/ -- seadrill limited ("seadrill" or the "company") (nyse: sdrl) (ose: sdrl) today reported strong second quarter 2023 results, which reflect a full quarter's contribution from contracted rigs acquired as part of the aquadrill transaction, completed on april 3, 2023. seadrill now owns 12 benign deepwater floaters, beyond the two it manages as part of a 50:50 joint venture with sonangol; three harsh-environment rigs; and four jackups, three of which it plans to sell consistent with ongoing fleet refinement.
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