Valaris files for chapter 11 as part of financial restructuring
Offshore driller Valaris has entered into a binding restructuring support agreement (RSA) and backstop commitment agreement (BCA) with around 50% of its noteholders which will see it undergo a financial restructuring while under chapter 11. Valaris says the restructuring is to reduce its debt load substantially, support continued operations during the current offshore slump and …
Offshore driller Valaris has entered into a binding restructuring support agreement (RSA) and backstop commitment agreement (BCA) with around 50% of its noteholders which will see it undergo a financial restructuring while under chapter 11. Valaris says the restructuring is to reduce its debt load substantially, support continued operations during the current offshore slump and …
[post_title] => Valaris files for chapter 11 as part of financial restructuring
[post_excerpt] => Offshore driller Valaris has entered into a binding restructuring support agreement (RSA) and backstop commitment agreement (BCA) with around 50% of its noteholders which will see it undergo a financial restructuring while under chapter 11. Valaris say...
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[post_modified] => 2020-08-20 03:20:26
[post_modified_gmt] => 2020-08-20 03:20:26
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