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BRIEF-Mermaid Maritime says Seadrill & units have filed prearranged chapter 11 cases in court
September 14, 2017 / 10:34 AM / 2 months ago

BRIEF-Mermaid Maritime says Seadrill & units have filed prearranged chapter 11 cases in court

Sept 14 (Reuters) - Mermaid Maritime Pcl

* Seadrill & certain units have filed prearranged chapter 11 cases in court together with a agreed restructuring plan

* AOD & units are excluded from Seadrill’s filing & expected to continue operations in interim while restructuring talks continue

* AOD and its unit did not file chapter 11 cases, and business operations are expected to be largely unaffected by Seadrill’s chapter 11 filings

* Refers to announcement by Seadrill on 12 Sept 2017 announcing a comprehensive restructuring plan

* AOD and units received, as part of Seadrill restructuring agreement, a benefit of temporary waiver and forbearance from default Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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