Valaris gets rescue plan approved

Valaris receives the court's approval for its rescue plan. With comprehensive support from both bond holders and banks, the rescue plan means that the crisis-stricken drilling company expects to leave Chapter 11 early in the second quarter.

Photo: POLFOTO/AP/Daniella Beccaria/

The world's biggest rig company, Valaris, expects to finalize its Chapter 11 process early in the second quarter, after a US bankruptcy court has approved the company's rescue plan, informs the UK-based drilling company in an announcement.

The company furthermore reports of widespread support from its bondholders and banks.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Trial banner

Latest news

See all jobs