Report of Foreign Issuer (6-k)
February 26 2018 - 9:30AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form
6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2018
Commission File Number
001-34667
Seadrill Limited
(Exact
name of Registrant as specified in its Charter)
Par-la-Ville
Place, 4th Floor
14
Par-la-Ville
Road
Hamilton HM 08 Bermuda
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101 (b)(1).
Yes ☐ No ☒
Indicate by check mark if the registrant is submitting the Form
6-K
in paper as permitted by Regulation
S-T
Rule 101 (b)(7).
Yes ☐ No ☒
ITEM 1. INFORMATION CONTAINED IN THIS FORM
6-K
REPORT
Attached hereto as Exhibit 99.1 is a copy of the press release of Seadrill Limited (the Company), dated February 26, 2018, announcing
entry into a global settlement with the official committee of unsecured creditors, an ad hoc group of bondholders, and other major stakeholders in its chapter 11 case. To effectuate the settlement, the Company executed amendments to its existing
restructuring support agreement and investment agreement, which amendments are attached hereto as Exhibit 10.1 and Exhibit 10.2, respectively.
ITEM 2. EXHIBITS
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Exhibit
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Number
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Description
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10.1
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Amendment, Stipulation and Joinder Agreement, dated as of February 26, 2018, in respect of the Restructuring Support and
Lock-Up
Agreement, dated as of September 12, 2017 (the
Original RSA), by and among Seadrill Limited (on behalf of all Company Parties), the commitment parties to the Original RSA, the Distressed Trading Desk of Barclays Bank PLC, certain holders of, or advisors or managers of accounts
holding, certain unsecured bonds, Samsung Heavy Industries Co., Ltd., Daewoo Shipbuilding & Marine Engineering Co., Ltd. and the official committee of unsecured creditors in the chapter 11 cases.
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10.2
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Amendment, Assignment and Joinder Agreement, dated as of February 26, 2018, in respect of the Investment Agreement, dated as of September 12, 2017 (the Original Investment Agreement), by and among the
commitment parties to the Original Investment Agreement, the Distressed Trading Desk of Barclays Bank PLC, certain holders of, or advisors or managers of accounts holding, certain unsecured bonds and Seadrill Limited.
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99.1
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Press release dated February 26, 2018.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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SEADRILL LIMITED
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Date: February 26, 2018
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By:
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/s/ Mark Morris
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Name: Mark Morris
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Title: Chief Financial Officer
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