Seadrill refinances $575M of 2030 notes with $700M 6.75% senior notes due 2034

Filed June 30, 2026 · Period ending June 30, 2026 · ~1 min read

Key Changes

• high

  Issued $700M of 6.750% senior notes due 2034 and used proceeds to fully redeem outstanding 8.375% notes due 2030 (approximately $575M principal), extending debt maturity and reducing interest costs by ~160 basis points.

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

  Increased revolving credit facility from $225M to $300M, providing additional liquidity cushion; facility remains undrawn to date.

  Item 8.01 — Other Events verify on EDGAR →
• medium

  New notes callable starting July 2029 at premiums declining from 103.375% to par by 2031; noteholders have change-of-control put right at 101% of principal.

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