Valaris consent solicitation
We advised the solicitation agent on a consent solicitation
Davis Polk advised the solicitation agent in connection with a solicitation of consents by Valaris Limited from the holders of its senior secured first lien notes due 2028 to certain amendments under the indenture governing such notes.
Valaris Limited is a provider of offshore drilling services across all water depths and geographies. Operating a rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin.
The Davis Polk corporate team included partner Michael Kaplan and associate Jacqueline Marino. Partner Kara L. Mungovan and associate Benjamin Helfgott provided tax advice. All members of the Davis Polk team are based in the New York office.