Billionaire Fredriksen ‘Central’ to Seadrill Solution, DNB Says
- Norwegian bank ‘still optimistic’ about solving Seadrill woes
- DNB says bondholders’ rival debt plans ‘not surprising’
John Fredriksen in 2012.
Photographer: Nick Harvey/WireImage via Getty Images
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After alternative proposals were unveiled seeking to challenge Seadrill Ltd.’s restructuring plan, one of the oil-rig company’s key banks said any deal will require the participation of billionaire John Fredriksen.
The comments from DNB ASA, one of eight members of a committee of Seadrill lenders, come after disgruntled bondholders have presented two rival restructuring offers for the company that challenge a plan backed by Fredriksen’s investment company Hemen Holding Ltd.