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Re: None

Wednesday, 10/04/2017 11:18:32 PM

Wednesday, October 04, 2017 11:18:32 PM

Post# of 2606
Seadrill's Retail Noteholders Could Be Impacted By A Reorganization Plan Confirmed Today

Seadrill's Retail Noteholders Could Be Impacted By A Reorganization Plan Confirmed Today


Conclusion

First, I tip my hat to Jeffrey Boyd for getting this additional consideration for non-accredited investors. There has been too much discrimination against retail noteholders in many recent bankruptcy cases.

Second, this case could have an impact on both noteholders and shareholders of SDRL. I am making no recommendation on the notes at this time, but the SDRL shares are a sell.

Third, this case could have an impact, even if just a modest amount, on the high yield credit market.

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