Valaris Receives $520MM Capital Injection, Court Approval of Plan of Reorganization
Valaris received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization. Valaris also will receive a $520 million capital injection through the issuance of a $550 million secured note.
March 4, 2021
Akin Gump Strauss Hauer & Feld | Daewoo Shipbuilding & Marine Engineering | Houlihan Lokey | Kirkland & Ellis | Kramer Levin Naftalis & Frankel | Lazard | Perella Weinberg Partners | Shearman & Sterling | Slaughter and May | Tom Burke | Valaris
Phil Neuffer