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Home Icon > About Us > News > Valaris secures $500m term loan

Valaris secures $500m term loan

Offshore driller Valaris, which is currently undergoing a financial restructuring under chapter 11, has entered into a $500m debtor-in-possession (DIP) term loan agreement with certain noteholders. This agreement has been executed after receiving approval from the US Bankruptcy Court for the Southern District of Texas, and gives Valaris over $680m in liquidity when added to …

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Offshore driller Valaris, which is currently undergoing a financial restructuring under chapter 11, has entered into a $500m debtor-in-possession (DIP) term loan agreement with certain noteholders. This agreement has been executed after receiving approval from the US Bankruptcy Court for the Southern District of Texas, and gives Valaris over $680m in liquidity when added to …

[post_title] => Valaris secures $500m term loan [post_excerpt] => Offshore driller Valaris, which is currently undergoing a financial restructuring under chapter 11, has entered into a $500m debtor-in-possession (DIP) term loan agreement with certain noteholders. This agreement has been executed after receiving appro... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => valaris-secures-500m-term-loan [to_ping] => [pinged] => [post_modified] => 2020-09-28 23:28:49 [post_modified_gmt] => 2020-09-28 23:28:49 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=127926 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )