Brief: Mermaid Maritime says Seadrill & units have filed prearranged chapter 11 cases in court

Mermaid Maritime PCL

14/09/2017 11:03

Sept 14 (Reuters) - Mermaid Maritime Pcl  MMPC.SI  
    * Seadrill & certain units have filed prearranged chapter 11 
cases in court together with a agreed restructuring plan 
    * AOD & units are excluded from Seadrill's filing & expected 
to continue operations in interim while restructuring talks 
continue 
    * AOD and its unit did not file chapter 11 cases, and 
business operations are expected to be largely unaffected by 
Seadrill's chapter 11 filings 
    * Refers to announcement by Seadrill on 12 Sept 2017 
announcing a comprehensive restructuring plan 
    * AOD and units received, as part of Seadrill restructuring 
agreement, a benefit of temporary waiver and forbearance from 
default 
 
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