At the closing bell, SDRL is off about 1%, while FITB is up about 0.5% on the day Wednesday.
The offshore driller will extend or convert $8 billion of loans and take in $1 billion of new cash under the terms of its long-awaited restructuring.
Stock futures are lower.
President Trump's executive order to expand offshore drilling may be a long-term positive for a beaten down industry, but it's not a near-term solution.
Seadrill stock is giving back some recent gains.