{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-093930","form_type":"8-K","ticker":"VAL","cik":"0000314808","company_name":"Valaris Ltd","filed_at":"2023-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.235530+00:00","generated_at":"2026-06-11T06:33:26.351427+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Valaris issues $400M of 8.375% Senior Secured Second Lien Notes due 2030 to fund drillship purchases","bullets":["Issued $400M aggregate principal of 8.375% Senior Secured Second Lien Notes at 100.75% of par, net proceeds ~$396M.","Proceeds to finance ~$337M purchase of drillships VALARIS DS-13 and DS-14, with delivery by Dec 31, 2023, and for general corporate purposes.","Additional Notes rank equally with existing $700M notes issued April 2023, same terms, mature April 30, 2030."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-093930","json":"https://secwatch.observer/filing/0001104659-23-093930.json","markdown":"https://secwatch.observer/filing/0001104659-23-093930.md","text":"https://secwatch.observer/filing/0001104659-23-093930.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/314808/000110465923093930/0001104659-23-093930-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/314808/000110465923093930/tm2324274d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T06:33:26.351427+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":[{"claim_id":"8666efb6870b4987bcc3a65e989e4c3a7cfb17ce","claim":"Valaris Ltd incurred senior notes of $400 million aggregate principal amount with Wilmington Savings Fund Society, FSB at 8.375% maturing 2030.","evidence_excerpt":"On August 21, 2023, Valaris Limited (the \"Company\") and Valaris Finance Company LLC (\"Valaris Finance\" and, together with the Company, the \"Issuers\") issued $400 million aggregate principal amount of additional 8.375% Senior Secured Second Lien Notes due 2030 (the \"Additional Notes\") in a private placement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/314808/000110465923093930/0001104659-23-093930-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400 million aggregate principal amount"},{"label":"Counterparty","value":"Wilmington Savings Fund Society, FSB"},{"label":"Rate","value":"8.375%"},{"label":"Maturity","value":"2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}