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Reoprt of Up to $1.2B in New Loans Help Lift SeaDrill Shares

May 25, 2023
in Trade Tube
Reading Time: 1 min read
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SeaDrill’s chairman and top shareholder appears to be putting his money where his mouth is by offering to lend the Bermuda-based deepwater driller as much as $1.2 billion. The company’s shares soared Tuesday after SeaDrill’s chairman appears ready to provide the company the major loan to help it restructure its more than $9 billion debt stack, according to Bloomberg.

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