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Press Release: Valaris plc Announces Expiration of Joinder Period

Press Release: Valaris plc Announces Expiration of Joinder Period

新闻稿:Valaris plc宣布加入期满
Dow Jones Newswires ·  2020/09/15 21:08

Press Release: Valaris plc Announces Expiration of Joinder Period

新闻稿:Valaris plc宣布加入期满

Valaris plc Announces Expiration of Joinder Period

Valaris plc宣布加工期届满

72% of the Company's Noteholders Have Signed on to Support the Restructuring

72%的公司债券持有人已签署支持重组

PR Newswire

美通社

LONDON, Sept. 15, 2020

伦敦,9月1日2020年15月

LONDON, Sept. 15, 2020 /PRNewswire/ -- Valaris plc (OTC: VALPQ) ("Valaris" or the "Company") today announced that the joinder period under its Restructuring Support Agreement (the "RSA") and Backstop Commitment Agreement (the "BCA") has expired and that holders of 72% in aggregate principal amount of its senior notes (the "Consenting Noteholders") executed the RSA and BCA prior to expiration.

伦敦,9月1日2020年15日/美通社/--Valaris plc(场外交易代码:VALPQ)(“Valaris”或“公司”)今天宣布,其重组支持协议(“RSA”)和后盾承诺协议(“BCA”)项下的合并期限已经结束,持有其优先票据本金总额72%的持有人(“同意票据持有人”)在到期前签署了RSA和BCA。

The RSA and BCA contemplate, among other items, the full equitization of the Company's pre-petition revolving credit facility and unsecured notes, a fully backstopped rights offering to noteholders for $500 million of new secured notes, the effective cancellation of existing equity interests in the Company in exchange for, in certain circumstances, warrants for post-emergence equity and payment of trade claims in full in cash.

RSA和BCA考虑(除其他事项外)将公司的请愿前循环信贷安排和无担保票据完全等价化,向票据持有人提供5亿美元新担保票据的完全后盾供股,在某些情况下有效取消公司现有股权,以换取出现后股本的认股权证,以及全额现金支付贸易债权。

Kirkland & Ellis LLP and Slaughter and May are serving as legal advisors to Valaris in connection with the restructuring. Lazard Ltd. is serving as Valaris' investment banker and Alvarez & Marsal North America LLC as its restructuring advisor. Kramer Levin Naftalis & Frankel LLP and Akin Gump Strauss Hauer & Feld LLP are serving as legal advisors to the Consenting Noteholders, and Houlihan Lokey Inc. is serving as financial advisor.

Kirkland&Ellis LLP和Slut and May担任Valaris与重组有关的法律顾问。Lazard Ltd担任Valaris的投资银行家,Alvarez&Marsal North America LLC担任其重组顾问。Kramer Levin Naftalis&Frankel LLP和Akin Gump Strauss Hauer&Feld LLP将担任同意票据持有人的法律顾问,Houlihan Lokey Inc.将担任财务顾问。

Court filings and other information related to the Court-supervised proceedings are available at a website administered by the Company's claims agent, Stretto, http://cases.stretto.com/Valaris. Questions should be directed to our dedicated restructuring hotline 855-348-2032 (Toll-Free) or +1 949-266-6309 (International).

法庭文件和其他与法院监督的诉讼程序有关的信息可在该公司索赔代理人斯特雷托管理的网站上查阅,网址是:http://cases.stretto.com/Valaris.。如有疑问,请致电我们专门的重组热线855-348-2032(免费)或+1 949-266-6309(国际)。

About Valaris plc

关于Valaris公司

Valaris plc (OTC: VALPQ) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. With an unwavering commitment to safety and operational excellence, and a focus on technology and innovation, Valaris was rated first in total customer satisfaction in the latest independent survey by EnergyPoint Research - the ninth consecutive year that the Company has earned this distinction. Valaris plc is an English limited company (England No. 7023598) with its corporate headquarters located at 110 Cannon Street, London EC4N 6EU. To learn more, visit our website at www.valaris.com.

Valaris plc(场外交易代码:VALPQ)是覆盖所有水深和地理位置的近海钻井服务的行业领先者。Valaris运营着一支高质量的钻井船队,包括超深水钻井船、多功能半潜式钻井船和现代浅水自升式钻井平台,几乎在每个主要的近海盆地都有操作经验。凭借对安全和卓越运营的坚定不移的承诺,以及对技术和创新的关注,Valaris在EnergyPoint Research最新的独立调查中被评为客户总体满意度第一,这是该公司连续第九年获得这一殊荣。Valaris plc是一家英国有限公司(英格兰编号7023598),总部位于伦敦EC4N6EU坎农街110号。欲了解更多信息,请访问我们的网站:www.valaris.com。

Media Contact

媒体联系人

Dana Gorman / Sydney Isaacs

达娜·戈尔曼/悉尼·艾萨克斯

Abernathy MacGregor

阿伯纳西·麦格雷戈

+1 212-371-5999

+1 212-371-5999

Investor Contact

投资者联系方式

Darin Gibbins

达林·吉宾斯

Vice President -- Investor Relations and Treasurer

副总裁--投资者关系和财务主管

+1 713-979-4623

+1 713-979-4623

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SOURCE Valaris plc

Source Valaris plc

/Web site: http://www.valaris.com

网址:http://www.valaris.com

(END) Dow Jones Newswires

(完)道琼通讯社

September 15, 2020 09:08 ET (13:08 GMT)

2020年9月15日东部时间09:08(格林尼治标准时间13:08)

译文内容由第三方软件翻译。


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