SeaDrill is again cautioning shareholders of severe losses due to the restructuring process. The company restated that current common stockholders will have minimal recovery, suggesting that the debt holders will get majority of the equity holdings even if the restructuring takes place. The Amendment and its Impact on Seadrill Partners However, the recent amendment transactions bring some ray of hope for Seadrill Partners. The transaction being part of the company's restructuring plans is likely to preserve the value of its equity stakes in its subsidiary. With SeaDrill completing the amendments of the credit facilities relating to the rigs purchased by Seadrill Partners, the latter no longer remains a borrower/ guarantor for any of its parent company's debt.