BRIEF-Rig firm Seadrill reaches agreement with banks to extend loan maturities
April 29, 2016 at 02:34 AM EDT
* Seadrill Ltd says it has reached agreement with its banking group to extend its three nearest maturing borrowing facilities of $2.85 bln and amend certain covenants across its secured credit facilities, as first phase of a broader plan to refinance and recapitalize business.