---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-290671"
form_type: "8-K"
ticker: "SDRL"
cik: "0001737706"
company_name: "Seadrill Ltd"
filed_at: "2026-06-30T20:32:52+00:00"
generated_at: "2026-06-30T20:34:16.122275+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Seadrill issues $700M 6.750% Senior Notes due 2034, redeems 2030 notes

## Summary
- Issued $700M 6.750% Senior Notes due 2034; interest semi-annual from Jan 15, 2027.
- Notes fully guaranteed by Seadrill and subsidiaries; redeemable at 103.375% in 2029, declining to par in 2031.
- Proceeds used to redeem all outstanding 8.375% Senior Secured Second Lien Notes due 2030 (~$575M outstanding as of Mar 31, 2026).
- Amended revolving credit facility: commitments increased from $225M to $300M, effective June 30, 2026; facility undrawn.
- Indenture contains customary covenants restricting additional debt, liens, distributions, asset sales, affiliate transactions, and mergers.

## SEC filing metadata
- accession: 0001193125-26-290671
- form_type: 8-K
- ticker: SDRL
- cik: 0001737706
- company_name: Seadrill Ltd
- filed_at: 2026-06-30T20:32:52+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737706/000119312526290671/0001193125-26-290671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737706/000119312526290671/d106615d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-290671
- JSON: https://secwatch.observer/filing/0001193125-26-290671.json
- Plain text: https://secwatch.observer/filing/0001193125-26-290671.txt

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