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:VALPQ   00:00AM GMT
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Debt Financing / Related, Restructuring / Reorganization, Bankruptcy / Related

Valaris PLC Announces Additional Support For Restructuring And Extension Of Joinder Period

Published: 09/11/2020 13:41 GMT
(VALPQ) - Valaris Plc Announces Additional Support for Restructuring and Extension of Joinder Period.
Valaris Plc - Extends Deadline to Become a Backstop Party to Monday, September 14, 2020.
Valaris Plc - Over 70% of Company's Noteholders Have Signed on to Support Restructuring.
Valaris Plc - Originally Entered Into Rsa and Bca on August 18, 2020, With Holders of Approximately 50% in Aggregate Principal Amount of Senior Notes.
Valaris Plc - Agreed With Requisite Consenting Noteholders to Extend Expiration of Joinder Period to September 14, 2020, at 11:59 Pm Eastern Time.
Valaris - Looks Forward to Working With Other Creditors & Stakeholders Who Have Not Signed Rsa to Advance Co's Efforts to Restructure Balance Sheet.