{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-088831","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.235325+00:00","generated_at":"2026-06-12T03:07:38.616735+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Valaris prices $400M upsized 8.375% senior secured notes due 2030 for drillship purchases","bullets":["Issued $400M in additional 8.375% Senior Secured Second Lien Notes due 2030 at 100.75% of par.","Upsized from original $350M offering; net proceeds ~$396M after discount and expenses.","Proceeds to fund ~$337M purchase of drillships VALARIS DS-13 and DS-14, with delivery option by Dec 31, 2023.","Closing expected August 21, 2023; notes form a single series with $700M existing notes issued April 19, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-088831","json":"https://secwatch.observer/filing/0001104659-23-088831.json","markdown":"https://secwatch.observer/filing/0001104659-23-088831.md","text":"https://secwatch.observer/filing/0001104659-23-088831.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000110465923088831/0001104659-23-088831-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000110465923088831/tm2322507d4_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T03:07:38.616735+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}