Deals & Cases

Homburger advised Valaris Limited on the private placement of USD 700 m senior secured notes and an up to USD 375 m credit agreement

On April 19, 2023, Valaris Limited and its wholly-owned subsidiary, Valaris Finance Company LLC, closed the private placement of USD 700 m 8.375% senior secured second lien notes due 2030 and a senior secured first lien five-year credit agreement providing for commitments of up to USD 375 m. Valaris Limited is the industry leader in offshore drilling services across all water depths and geographies.

Homburger advised Valaris Limited with regard to all Swiss legal aspects of the transaction. The Homburger team was led by David Oser (Corporate/M&A) and included Daniel Haeberli and Stefan Bindschedler (both Financing and Investment Products) as well as Stefan Oesterhelt (Tax).