Valaris Pitches $500M DIP Over Citibank's Objection

By Rick Archer (September 24, 2020, 11:11 PM EDT) -- Offshore drilling contractor Valaris PLC asked a Texas bankruptcy judge Thursday to allow it to take out $500 million in financing from a group of its bondholders over the objections of Citibank, which argued the company's bank creditors offered a better deal....

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