CORRECT: Seadrill New Finance Emerges From Chapter 11

Jan. 21, 2022, 6:24 PM UTC

(Corrects name of entity that emerged from Chapter 11 in headline and both sentences of story published Jan. 20.)

  • Seadrill says Seadrill New Finance emerged from Chapter 11 bankruptcy after completing its pre-packaged restructuring.
  • Seadrill New Finance to be renamed Paratus Energy Services
  • NOTE: Seadrill Wins Approval for Last Part of Driller’s Reorganization

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To contact the reporter on this story:
Jim Silver in New York at jsilver@bloomberg.net

To contact the editor responsible for this story:
Sunil Kesur at skesur@bloomberg.net

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