 HAMILTON, Bermuda, July 24, 2021 PRNewswire -- Seadrill Limited Seadrill or the Company OSE: SDRL OTC-PINK: SDRLF is pleased to announce that today the Company has entered into a plan support agreement the PSA with certain of the Companys senior secured lenders holding approximately 57.8 of the Companys senior secured loans the Consenting Lenders as well as a backstop commitment letter entered into with certain of the Consenting Lenders. The agreements contemplate a plan of reorganization the Plan that will raise 350 million in new financing and reduce the Companys liabilities by over 4.9 billion. 