Offshore driller Valaris files for bankruptcy with Kirkland at the helm - Reuters

Reuters | Aug. 19, 2020, 6:13 p.m. | Original

Offshore oil driller Valaris PLC on Wednesday filed for bankruptcy in Houston with Kirkland & Ellis as legal counsel, to tackle its $7.9 billion debt load.

The London-based company had been a candidate for bankruptcy for the past several months amid low oil prices and a rig accident, as first reported by Reuters in April.

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