---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-270307"
form_type: "8-K"
ticker: "SDRL"
cik: "0001737706"
company_name: "Seadrill Ltd"
filed_at: "2026-06-15T11:57:20+00:00"
generated_at: "2026-06-15T12:00:13.553342+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-270307
- form_type: 8-K
- ticker: SDRL
- cik: 0001737706
- company_name: Seadrill Ltd
- filed_at: 2026-06-15T11:57:20+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737706/000119312526270307/0001193125-26-270307-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737706/000119312526270307/d921461d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-270307
- JSON: https://secwatch.observer/filing/0001193125-26-270307.json
- Plain text: https://secwatch.observer/filing/0001193125-26-270307.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.