---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-275884"
form_type: "8-K"
ticker: "SDRL"
cik: "0001737706"
company_name: "Seadrill Ltd"
filed_at: "2026-06-18T20:14:33+00:00"
generated_at: "2026-06-18T20:21:01.712772+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Seadrill upsizes revolving credit facility to $300M, extends maturity to 2031

## Summary
- Revolving commitments increased from $225M to $300M; maturity extended from 2028 to 2031.
- Amendment removes certain immaterial subsidiaries and stacked vessels as guarantors and collateral.
- Commitment fees modified and restrictive covenants amended for more operational and financial flexibility.
- JPMorgan Chase Bank, N.A. replaces J.P. Morgan SE as administrative agent effective June 30, 2026.
- Amendment expected to become effective June 30, 2026, subject to conditions.

## SEC filing metadata
- accession: 0001193125-26-275884
- form_type: 8-K
- ticker: SDRL
- cik: 0001737706
- company_name: Seadrill Ltd
- filed_at: 2026-06-18T20:14:33+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737706/000119312526275884/0001193125-26-275884-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737706/000119312526275884/d35183d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-275884
- JSON: https://secwatch.observer/filing/0001193125-26-275884.json
- Plain text: https://secwatch.observer/filing/0001193125-26-275884.txt

## Key facts
- Debt Financings
  Seadrill Ltd amended revolving credit of increase from $225 million to $300 million with the lenders party thereto maturing 2031.
  - Instrument: revolving credit
  - Principal: increase from $225 million to $300 million
  - Counterparty: the lenders party thereto
  - Maturity: 2031
  - Event: amendment
  source text: The Amendment will, among other things, (i) increase the commitments for revolving borrowings from $225 million to $300 million, (ii) extend the stated maturity date from 2028 to 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737706/000119312526275884/0001193125-26-275884-index.htm
- Material Agreements
  Seadrill Ltd amended Amendment No. 2 to Senior Secured Revolving Credit Agreement with Seadrill Finance Limited, the lenders party thereto, the issuing banks party thereto, J.P. Morgan SE, JPMorgan Chase Bank, N.A., GLAS Trust Company LLC (effective 2026-06-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Seadrill Finance Limited, the lenders party thereto, the issuing banks party thereto, J.P. Morgan SE, JPMorgan Chase Bank, N.A., GLAS Trust Company LLC
  - Effective: 2026-06-16
  source text: On June 16, 2026, Seadrill Limited (the “Company”) entered into Amendment No. 2 to Senior Secured Revolving Credit Agreement, dated as of June 16, 2026 (the “Amendment”), by and among Seadrill Finance Limited, as borrower, the Company, the lenders party thereto, the issuing banks party thereto, J.P. Morgan SE, as the predecessor or retiring administrative agent, JPMorgan Chase Bank, N.A., as the successor administrative agent, and GLAS Trust Company LLC, as common security agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1737706/000119312526275884/0001193125-26-275884-index.htm

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