Offshore drilling company Valaris has taken advice from Slaughter and May and Kirkland & Ellis on a U…
Offshore drilling company Valaris has taken advice from Slaughter and May and Kirkland & Ellis on a USD 7.1 billion financial restructuring following a Chapter 11 bankruptcy filing in August last year.
Slaughters and Kirkland & Ellis acted for Valaris alongside its in-house legal team on the negotiation and establishment of a restructuring plan relating to its existing debts, which ultimately dealt with company debt of USD 7.1 billion.
New York Stock Exchange-listed Valaris Chapter 11 filing was approved by the United States bankruptcy court on 3 March this year, and has resulted in the sale of Valaris business and assets t…
Read the full article at: https://iclg.com/ibr/articles/16241-valaris-completes-usd-7-billion-restructuring