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
Valaris filed a voluntary petition for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas. In connection with the filing, certain Valaris lenders committed to provide $500 million in debtor-in-possession financing.
August 20, 2020