Offshore driller Valaris to explore bankruptcy with its creditors-sources
Offshore oil driller Valaris PLC
is preparing to start talks with creditors to see if
they can agree on terms for a possible bankruptcy filing, as it
grapples with a $6.5 billion debt burden and an unprecedented
plunge in U.S. crude prices, people familiar with the matter
said on Tuesday.
is preparing to start talks with creditors to see if
they can agree on terms for a possible bankruptcy filing, as it
grapples with a $6.5 billion debt burden and an unprecedented
plunge in U.S. crude prices, people familiar with the matter
said on Tuesday.
Posted by Reuters
