02/06/2020at 15:46

Valaris postpones interest payments on loans

Drilling major Valaris, which emerged as the result of a merger, postpones interest payments totaling USD 26 million on two revolving credit facilities that were due June 1. The company could be headed towards a restructuring.

Photo: Pilar Olivares/Reuters/Ritzau Scanpix

by SØREN PICO

The downturn in the drilling sector now has consequences for drilling company Valaris, which postpones interest payments totaling nearly USD 26 million on two revolving credit facilities.

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