Offshore drilling contractor Valaris — which until a 2019 name change was called EnscoRowan — reports that on April 30, 2021, it completed its financial restructuring and emerged from Chapter 11 bankruptcy.
The group’s plan of reorganization was approved and confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on March 3, 2021.
Valaris says it now “moves forward with a strengthened capital structure, eliminating $7.1 billion of debt and securing a $520 million capital...
https://www.marinelog.com/offshore/oil-gas/offshore-driller-exits-chapter-11/