Seadrill new finance limited (the "issuer") - update on restructuring discussions and seamex ltd joint venture

Hamilton, bermuda, june 18, 2021 /prnewswire/ -- seadrill limited ("seadrill" or the "company") (ose: sdrl, otcpk:sdrlf) and the issuer announce that, further to the announcement made by seadrill and the issuer on june 11, 2021, the issuer is in advanced discussions with certain holders of the issuer's 12.0% senior secured notes due 2025 (the "notes") around a proposed restructuring of the notes.  further to the announcement on june 11, 2021, this announcement also provides an update on the provisional liquidation process in respect of seamex ltd.
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