Seadrill expands credit facility by $75M to $300M, extends maturity to 2031

Filed June 18, 2026 · Period ending June 16, 2026 · ~1 min read

Key Changes

• high

  Revolving credit capacity increased 33% from $225M to $300M, providing additional liquidity cushion for operations and growth.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• high

  Maturity extended three years from 2028 to 2031, reducing near-term refinancing risk and improving financial flexibility.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Covenant package amended to provide more operational and financial flexibility; certain immaterial subsidiaries and stacked vessels removed from collateral.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →