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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.

Pilar Olivares/Reuters/Ritzau Scanpix
Photo: Pilar Olivares/Reuters/Ritzau Scanpix
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