Canyon Capital Advisors LLC Reduces Stake in Seadrill Ltd to 2.02%

Canyon Capital Advisors LLC, along with Joshua S. Friedman and Mitchell R. Julis, filed a Schedule 13G/A (Amendment No. 3) for Seadrill Ltd (SDRL). As of March 31, 2026, the filers reported beneficial ownership of 1,261,779 shares of common stock, representing a 2.02% ownership stake. This is a decrease in position relative to previous reporting thresholds, as the filers now own less than 5% of the outstanding shares. Canyon Capital Advisors LLC serves as the investment advisor to several master funds and entities including The Canyon Value Realization Master Fund (Cayman), L.P. and Canyon Balanced Master Fund, Ltd. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The principal business office for the reporting persons is located in Dallas, Texas.