Brief: Valaris Limited Announces $600 Million Private Placement Of Senior Secured Second Lien Notes Due 2030

Valaris

03/04/2023 18:46

April 3 (Reuters) - Valaris Ltd  VAL.N :
    * VALARIS LIMITED ANNOUNCES $600 MILLION PRIVATE PLACEMENT OF SENIOR SECURED SECOND LIEN
NOTES DUE
2030 AND ISSUES NOTICE OF CONDITIONAL FULL REDEMPTION FOR ITS SENIOR SECURED FIRST LIEN NOTES
DUE 2028
    * VALARIS LTD - INTENDS TO USE NET PROCEEDS FROM OFFERING TO FUND REDEMPTION OF ALL OF ITS
OUTSTANDING SENIOR SECURED FIRST LIEN NOTES DUE 2028
    * VALARIS LTD - ENTERED INTO A SENIOR SECURED FIVE-YEAR CREDIT AGREEMENT, WHICH PROVIDES FOR
COMMITMENTS PERMITTING BORROWINGS OF UP TO $375 MILLION

Source text for Eikon:  ID:nBwbWhxTja 
Further company coverage:  VAL.N 

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