Valaris Ltd, founded in 2000 and headquartered in Houston, Texas, is a leading provider of offshore drilling services, catering to energy companies around the globe. The company specializes in operating a fleet of drillships and semi-submersible rigs for exploration and production activities, particularly in deepwater and ultra-deepwater regions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| VAL 8.38% 2030-04-30 USDValaris Ltd | Bermuda | 2030-04-30 | 8.375 | 7.39 |
| VAL 8.38% 2030-04-30 USDValaris Ltd | Bermuda | 2030-04-30 | 8.375 | 7.49 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Valaris began issuing bonds in 2014, with notable offerings including its $1 billion senior unsecured notes in 2017, aimed at refinancing existing debt. The company's bonds are recognized for their competitive yields, aligning with industry standards amidst economic fluctuations in the oil and gas sector. Notably, the company filed for bankruptcy in 2020 but emerged stronger with a streamlined capital structure, enhancing its bondholder positioning and attracting investor interest in a recovering market.