Seadrill Finance Limited, a subsidiary of Seadrill Limited, issued $700 million in 6.750% Senior Notes due 2034, which mature on July 15, 2034. The company has also used proceeds from the offering to satisfy and discharge the redemption of its 8.375% Senior Secured Second Lien Notes due 2030. Additionally, the company has increased its revolving credit facility commitments from $225 million to $300 million. Seadrill Limited is an offshore drilling company providing drilling services to the energy industry.
