SDRL News & Events

Seadrill Limited announced that it has extended its share repurchase program, as part of its ongoing commitment to deliver shareholder returns. As previously announced, the company's Board of Directors authorized a $500M share repurchase program that would terminate on June 25, 2026. As of June 19, 2026, approximately $208M of the $500M authorized amount remained available under the Repurchase Program. On June 22, 2026, the Board authorized an extension of the Repurchase Program to run through December 31, 2026.

Seadrill announced that, subject to market conditions, Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill, intends to offer for sale to eligible purchasers in an offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, $600M in aggregate principal amount of senior unsecured notes due 2034. Seadrill Finance intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of Seadrill Finance's outstanding 8.375% Senior Secured Second Lien Notes due 2030 and satisfy and discharge the indenture governing the 2030 Notes. In connection with the Offering, Seadrill Finance delivered a notice to redeem the 2030 Notes, conditioned only upon the consummation of a financing transaction that results in gross proceeds of at least $600 million. As of March 31, approximately $575M aggregate principal amount of the 2030 Notes remained outstanding.