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Paratus Energy (formerly Seadrill New Finance Ltd., or NSNCo) emerged from Chapter 11 restructuring on January 20, 2022. Chapter 11 is the section of the United States bankruptcy code that covers court supervised restructurings of businesses. The Chapter 11 plan provided Paratus Energy with a new ownership structure, which created the necessary financial and strategic flexibility required to focus on maximizing value for all stakeholders.

Court filings and other information related to the court-supervised proceedings are available at: https://cases.ra.kroll.com/SeadrillNewFinanceSolicitation/

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