UK drilling company Valaris is one step closer to resolving the company's Chapter 11 process after reaching agreement with a series of creditors about amendments to what will eventually become a final solution, the company informs in a press release.
"This agreement brings us a step closer to creating a capital structure to endure the current market environment and enhance our position as business conditions improve," says Tom Burke, Valaris CEO, according to the press release.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.