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Seadrill Partner Announces Forbearance Pact on Swap Payments

Nov. 25, 2020, 9:04 PM UTC
Meghan Genovese
Meghan Genovese
Bloomberg News

Seadrill Partners LLC has elected not to make a periodic payment with respect to its swap obligations originally scheduled to come due Nov. 23.

  • Company has reached forbearance pact with Term Loan B lenders representing a majority of the principal amount outstanding

Link to Statement: Seadrill Partners: SDLP - Announces Forbearance Agreement Relating to Swap Payments

To contact the reporter on this story:
Meghan Genovese in New York at mgenovese@bloomberg.net

To contact the editor responsible for this story:
Chakradhar Adusumilli at cadusumilli@bloomberg.net

© 2020 Bloomberg L.P. All rights reserved. Used with permission.

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