Seadrill announces $600M private offering of senior unsecured notes due 2034 to refinance existing secured notes

Seadrill Ltd

Seadrill Finance offers $600M in 8.375% Senior Secured Second Lien Notes due 2030 redemption.
Approximately $575M of the 2030 Notes outstanding as of March 31, 2026.
Net proceeds plus cash on hand to redeem all outstanding 2030 Notes.
Offering under Rule 144A and Regulation S; notes not registered under Securities Act.
Conditional redemption notice delivered upon financing of at least $600M gross proceeds.

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