Homburger advised Valaris on private placement of senior secured notes

Valaris Limited and its wholly-owned subsidiary, Valaris Finance Company, closed the private placement of USD 700 million in aggregate principal amount of 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 million. 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 team was led by partner David Oser (corporate/m&a, pictured) and included Daniel Haeberli and Stefan Bindschedler (both financing and investment products) as well as Stefan Oesterhelt (tax).