Brief: Valaris Limited Announces Pricing Of $700 Million Upsized Private Placement Of 8.375% Senior Secured Second Lien Notes Due 2030 And Entry Into $375 Million Revolving Credit Facility

Valaris

04/04/2023 22:20

April 4 (Reuters) - Valaris Ltd  VAL.N :
    * VALARIS LIMITED ANNOUNCES PRICING OF $700 MILLION UPSIZED
PRIVATE PLACEMENT OF 8.375% SENIOR SECURED SECOND LIEN NOTES DUE
2030 AND ENTRY INTO $375 MILLION REVOLVING CREDIT FACILITY
    * VALARIS LTD - OFFERING WAS UPSIZED TO $700 MILLION SECOND
LIEN
NOTES FROM ORIGINAL OFFERING SIZE OF $600 MILLION SECOND LIEN
NOTES
    * VALARIS LTD - SECOND LIEN NOTES MATURE ON APRIL 30, 2030
AND
WILL BE ISSUED AT PAR

Source text for Eikon:  ID:nBw77zhXHa 
Further company coverage:  VAL.N 

 ((Reuters.Briefs@thomsonreuters.com;))