SC 13G/A: Seadrill Ltd

AI Summary

SC 13G/A filing by Seadrill Ltd.

Risk Assessment

Risk Level: low

Filing Documents

• sdrla1_111424.htm (SC 13G/A) — 44KB
• 0001085146-24-005899.txt ( ) — 46KB

(a)

ITEM 1(a). NAME OF ISSUER: Seadrill Limited

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 55 Par la Ville Road Park Place

(a)

ITEM 2(a). NAME OF PERSON FILING: This Schedule 13G is being filed on behalf of the following persons*: Canyon Capital Advisors LLC ("CCA") Joshua S. Friedman Mitchell R. Julis CCA is the investment advisor, direct or indirect, to the following persons: (i) Canyon Value Realization Fund, L.P. ("VRF") (ii) The Canyon Value Realization Master Fund (Cayman), L.P. ("CVRF") (iii) Canyon Balanced Master Fund, Ltd. ("CBEF") (iv) Canyon Distressed Opportunity Master Fund III, L.P. ("CDOFIII") (v) Canyon NZ-DOF Investing, L.P. ("NZ-TRADING") (vi) Canyon-EDOF (Master) L.P. ("EDOF") (vii) Canyon Distressed TX L.P. ("CTX") (viii) Canyon Distressed TX (B) LLC ("CTXB") (ix) Canyon Capital CLO 2012-1 R, Ltd. ("CCACLO-2012-1R") (x) Canyon CLO 2017-1, Ltd. ("CCACLO-2017-1") * Attached as Exhibit A is a copy of an agreement among the persons filing (as specified hereinabove) that this Schedule 13G is being filed on behalf of each of them.

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The principal business office of the persons comprising the group filing this Schedule 13G is located at 2728 North Harwood Street, 2nd Floor Dallas, TX 75201

(c)

ITEM 2(c). CITIZENSHIP: Canyon Capital Advisors LLC - Delaware Joshua S. Friedman - United States Mitchell R. Julis - United States VRF: a Delaware limited partnership CVRF: a Cayman Islands exempted limited partnership CBEF: a Cayman Islands corporation CDOFIII: a Cayman Islands exempted limited partnership NZ-TRADING: a Delaware limited partnership EDOF: a Cayman Islands exempted limited partnership CTX: a Delaware limited partnership CTXB: a Delaware limited liability company CCACLO-2012-1R: a Cayman Islands exempted limited partnership CCACLO-2017-1: a Cayman Islands exempted limited partnership

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e)

ITEM 2(e). CUSIP NUMBER: G7997W102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 4,897,709 (b) Percent of class: 7.12% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 4,897,709 (ii) shared power to vote or to direct the vote: 4,897,709 (iii) sole power to dispose or direct the disposition of: 4,897,709 (iv) shared power to dispose or to direct the disposition of: 4,897,709 ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the cl

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