EX-22.1 27 tm2217747d2_ex22-1.htm EXHIBIT 22.1

 

Exhibit 22.1

 

List of Guarantor Subsidiaries and Affiliate Securities Pledged as Collateral

 

As of the date hereof, the Senior Secured First Lien Notes due 2028 (the “Notes”) issued by Valaris Limited, a Bermuda exempted company (“Valaris”), are fully and unconditionally guaranteed by each of the following subsidiaries of Valaris (the “Guarantors”).

 

Guarantor   State or Other Jurisdiction of
Incorporation or Organization
Alpha Achiever Company   Cayman Islands
Alpha Admiral Company   Cayman Islands
Alpha Archer Company   Cayman Islands
Alpha Aurora Company   Cayman Islands
Alpha Offshore Drilling Services Company   Cayman Islands
Alpha Orca Company   Cayman Islands
Alpha South Pacific Holding Company   Cayman Islands
Atlantic Maritime Services LLC   Delaware (USA)
Atwood Australian Waters Drilling Pty Limited   Australia
Atwood Oceanics Australia Pty Limited   Australia
Atwood Oceanics Pacific Limited   Cayman Islands
Atwood Offshore Drilling Limited   Hong Kong
Atwood Offshore Worldwide Limited   Cayman Islands
ENSCO (Barbados) Limited   Cayman Islands
Ensco (Myanmar) Limited   Myanmar
Ensco (Thailand) Limited   Thailand
ENSCO Arabia Co. Ltd.   Saudi Arabia
ENSCO Asia Company LLC   Texas (USA)
ENSCO Asia Pacific Pte. Limited   Singapore
Ensco Associates Company   Cayman Islands
ENSCO Australia Pty. Limited   Australia
ENSCO Capital Limited   Cayman Islands / United Kingdom
ENSCO Corporate Resources LLC   Delaware (USA)
Ensco Deepwater Drilling Limited   England and Wales (UK)
ENSCO Deepwater USA II LLC   Delaware (USA)
ENSCO Development Limited   Cayman Islands
Ensco do Brasil Petróleo e Gás Ltda.   Brazil
Ensco Drilling I Ltd.   Cayman Islands
ENSCO Drilling Mexico LLC   Delaware (USA)
Ensco Endeavors Limited   Cayman Islands / United Kingdom
ENSCO Global GmbH   Switzerland
Ensco Global II Ltd.   Cayman Islands
ENSCO Global Investments LP   England and Wales (UK)
Ensco Global IV Ltd   British Virgin Islands

 

 

 

 

ENSCO Global Limited   Cayman Islands / United Kingdom
ENSCO Global Resources Limited   England and Wales (UK)
Ensco Holdco Limited   England and Wales (UK)
ENSCO Holding Company   Delaware (USA)
Ensco Incorporated   Texas (USA)
Ensco Intercontinental GmbH   Switzerland
ENSCO International Incorporated   Delaware (USA)
Ensco International Ltd.   British Virgin Islands / United Kingdom
ENSCO Investments LLC   Nevada (USA) / United Kingdom
Ensco Jersey Finance Limited   Jersey / United Kingdom
ENSCO Limited   Cayman Islands
Ensco Management Corp   British Virgin Islands
ENSCO Maritime Limited   Bermuda
Ensco Mexico Services S.de R.L.   Mexico
Ensco Ocean 2 Company   Cayman Islands
ENSCO Oceanics LLC   Delaware (USA)
ENSCO Oceanics International Company   Cayman Islands
ENSCO Offshore Company   Delaware (USA)
ENSCO Offshore International Company   Cayman Islands
ENSCO Offshore International Holdings Limited   Cayman Islands / United Kingdom
ENSCO Offshore International Inc.   Marshall Islands
Ensco Offshore International LLC   Delaware (USA)
Ensco Offshore Petróleo e Gás Ltda.   Brazil
ENSCO Offshore U.K. Limited   England and Wales (UK)
ENSCO Overseas Limited   Cayman Islands
ENSCO Services Limited   England and Wales (UK)
Ensco Transcontinental II LP   England and Wales (UK)
Ensco Transnational I Limited   Cayman Islands
Ensco Transnational III Limited   Cayman Islands
ENSCO U.K. Limited   England and Wales (UK)
Ensco UK Drilling Limited   England and Wales (UK)
Ensco Universal Holdings I Ltd.   Cayman Islands / United Kingdom
Ensco Universal Holdings II Ltd.   Cayman Islands / United Kingdom
ENSCO Universal Limited   England and Wales (UK)
Ensco Vistas Limited   Cayman Islands
Ensco Worldwide GmbH   Switzerland
EnscoRowan Ghana Drilling Limited   Ghana
Great White Shark Limited   Gibraltar
Green Turtle Limited   Gibraltar
International Technical Services LLC   Delaware (USA)
Manatee Limited   Malta
Manta Ray Limited   Malta

 

 

 

 

Marine Blue Limited   Gibraltar
Offshore Drilling Services LLC   Delaware (USA)
Pacific Offshore Labor Company   Cayman Islands
Petroleum International Pte. Ltd.   Singapore
Pride Global II Ltd   British Virgin Islands
Pride International LLC   Delaware (USA)
Pride International Management Co. LP   Texas (USA)
Ralph Coffman Cayman Limited   Cayman
Ralph Coffman Limited   Gibraltar
Ralph Coffman Luxembourg S.à r.l.   Luxembourg
RCI International, Inc.   Cayman Islands
RD International Services Pte. Ltd.   Singapore
RDC Arabia Drilling, Inc.   Cayman Islands
RDC Holdings Luxembourg S.à r.l.   Luxembourg
RDC Malta Limited   Malta
RDC Offshore Luxembourg S.à r.l.   Luxembourg
RDC Offshore Malta Limited   Malta
RoCal Cayman Limited   Cayman Islands
Rowan 240C#3, Inc.   Cayman Islands
Rowan Companies Limited   England and Wales (UK)
Rowan Companies, LLC   Delaware (USA)
Rowan Drilling (Gibraltar) Limited   Gibraltar
Rowan Drilling (Trinidad) Limited   Cayman Islands
Rowan Drilling (U.K.) Limited   Scotland (UK)
Rowan Drilling Services Limited   Gibraltar
Rowan Financial Holdings S.à r.l.   Luxembourg
Rowan International Rig Holdings S.à r.l.   Luxembourg
Rowan Marine Services LLC   Texas (USA)
Rowan N-Class (Gibraltar) Limited   Gibraltar
Rowan No. 1 Limited   England and Wales (UK)
Rowan No. 2 Limited   England and Wales (UK)
Rowan Norway Limited   Gibraltar
Rowan Offshore (Gibraltar) Limited   Gibraltar
Rowan Offshore Luxembourg S.à r.l.   Luxembourg
Rowan Rigs S.à r.l.   Luxembourg
Rowan S. de R.L. de C.V.   Mexico
Rowan Services LLC   Delaware (USA)
Rowan US Holdings (Gibraltar) Limited   Gibraltar
Rowandrill, LLC   Texas (USA)
Valaris Holdco 1 Ltd.   Bermuda
Valaris Holdco 2 Ltd.   Bermuda
Valaris United LLC   Delaware (USA)

 

 

 

 

Concurrently with the issuance of the Notes, Valaris and certain of its subsidiaries entered into pledge and collateral agreements. Pursuant to the terms of these agreements, the Notes are secured on a first-priority basis by a pledge of the equity interests of the Guarantors and affiliates listed below.

 

Affiliate Pledgee  Class of Security  Percentage Pledged 
Alpha Achiever Company  Ordinary Shares   100.00%
Alpha Admiral Company  Ordinary Shares   100.00%
Alpha Archer Company  Ordinary Shares   100.00%
Alpha Aurora Company  Ordinary Shares   100.00%
Alpha Falcon Drilling Company  Ordinary Shares; Class A Shares   100.00%
Alpha Int’l Drilling Company S.à r.l  Ordinary Shares   100.00%
Alpha Mako Company  Ordinary Shares   100.00%
Alpha Manta Company  Ordinary Shares   100.00%
Alpha Offshore Drilling (S) Pte Ltd.  Ordinary Shares   100.00%
Alpha Offshore Drilling Services Company  Ordinary Shares   100.00%
Alpha Offshore International Leasing Limited  Ordinary Shares   100.00%
Alpha Orca Company  Ordinary Shares   100.00%
Alpha South Pacific Holding Company  Ordinary Shares   100.00%
Atlantic Maritime Services LLC  Units   100.00%
Atwood Advantage S.à r.l.  Ordinary Shares   100.00%
Atwood Beacon S.à r.l.  Ordinary Shares   100.00%
         
Atwood Drilling LLC  Ordinary Shares   100.00%
Atwood Hunter LLC  Ordinary Shares   100.00%
Atwood Malta Holding Company Limited  Class A Shares   >99.00%
Atwood Oceanics Drilling Mexico S. de R.L. de C.V.  Partnership Interest   99.00%
Atwood Oceanics Global Limited  Ordinary Shares   100.00%
         
Atwood Oceanics Pacific Limited  Ordinary Shares; Class A Shares   100.00%
Atwood Offshore Labor Company  Ordinary Shares   100.00%
Atwood Offshore Worldwide Limited  Ordinary Shares; Class A Shares   64.12%
Drillquest Offshore Company  Ordinary Shares   100.00%
ENSCO (Barbados) Limited  Ordinary Shares   100.00%
ENSCO (Bermuda) Limited  Ordinary Shares   100.00%
Ensco (Myanmar) Limited  Ordinary Shares   100.00%
Ensco (Thailand) Limited  Ordinary Shares   100.00%
ENSCO Arabia Company Limited  Percentage Ownership Interest   100.00%
Ensco Asia Company LLC  Units   100.00%
Ensco Asia Pacific Pte. Limited  Ordinary Shares   100.00%
Ensco Associates Company  Ordinary Shares   100.00%
ENSCO Australia Pty Limited  Ordinary Shares   100.00%

 

 

 

 

Ensco Capital Limited  Ordinary Shares   100.00%
Ensco Corporate Resources LLC  Ordinary Shares   100.00%
ENSCO de Venezuela, S.R.L.  Ordinary Shares   100.00%
ENSCO Deepwater Drilling Limited  Ordinary Shares   100.00%
Ensco Deepwater USA II LLC  Non-Assessable Member Units   100.00%
Ensco do Brasil Petróleo e Gás Ltda.  Quotas   100.00%
ENSCO Drilling (Caribbean), Inc.  Ordinary Shares   100.00%
Ensco Drilling Company (Nigeria) Limited  Ordinary Shares   100.00%
ENSCO Drilling Company LLC  Ordinary Shares   100.00%
Ensco Drilling I Ltd.  Ordinary Shares   100.00%
ENSCO Drilling Mexico LLC  Units   100.00%
Ensco Endeavors Limited  Ordinary Shares   100.00%
ENSCO Gerudi (M) Sdn. Bhd.  Ordinary Shares   49.00%
ENSCO Global GmbH  Percentage Ownership Interest   100.00%
Ensco Global II Ltd.  Ordinary Shares   100.00%
ENSCO Global Investment LP  Partnership Interests   95.00%
ENSCO Global IV Ltd.  Shares   100.00%
Ensco Global Limited  Ordinary Shares   100.00%
Ensco Global Resources Limited  Ordinary Shares   100.00%
Ensco Holdco Limited  Ordinary Shares   100.00%
ENSCO Holding Company  Shares   100.00%
Ensco Holland B.V.  Ordinary Shares   100.00%
ENSCO Incorporated  Common Stock   100.00%
ENSCO Intercontinental GmbH  Percentage Ownership Interest   100.00%
Ensco International Incorporated  Common Stock   100.00%
Ensco International Ltd.  Ordinary Shares   100.00%
Ensco Investments LLC  Ordinary Shares   100.00%
ENSCO Labuan Limited  Ordinary Shares   100.00%
ENSCO Limited  Ordinary Shares   100.00%
ENSCO Maritime Limited  Ordinary Shares   100.00%
Ensco Mexico Services, S. de R.L. de C.V.  Partnership Interests   100.00%
Ensco North America LLC  Percentage Ownership Interest   100.00%
ENSCO Ocean 1 Company  Ordinary Shares   88.29%
ENSCO Ocean 2 Company  Ordinary Shares   100.00%
ENSCO Oceanics Company LLC  Units   100.00%
Ensco Oceanics International Company  Ordinary Shares   100.00%
Ensco Offshore Company  Ordinary Shares   100.00%
ENSCO Offshore International Company  Ordinary Shares   100.00%
ENSCO Offshore International Holdings Limited  Ordinary Shares   100.00%
ENSCO Offshore International Inc.  Registered Shares   100.00%

 

 

 

 

Ensco Offshore International LLC  Percentage Ownership Interest   100.00%
Ensco Offshore Petróleo e Gás Ltda.  Quotas   100.00%
Ensco Offshore Services LLC  Units   100.00%
ENSCO Offshore U.K. Limited  Ordinary Shares   100.00%
ENSCO Overseas Limited  Ordinary Shares   100.00%
Ensco Services Limited  Ordinary Shares   100.00%
ENSCO Services LLC  Units   100.00%
Ensco South Pacific LLC  Percentage Ownership Interest   100.00%
Ensco Transcontinental I LLC  Ordinary Shares   100.00%
Ensco Transcontinental II LLC  Ordinary Shares   100.00%
Ensco Transnational I Ltd.  Ordinary Share   100.00%
Ensco Transnational II Ltd.  Ordinary Share   100.00%
Ensco Transnational III Ltd.  Ordinary Share   100.00%
Ensco Transnational Limited  Ordinary Shares   100.00%
ENSCO U.K. Limited  Ordinary Shares   100.00%
Ensco UK Drilling Limited  Ordinary Shares   100.00%
Ensco Universal Holdings I Ltd.  Ordinary Shares   100.00%
ENSCO Universal Holdings II Ltd.  Ordinary Shares   6.25%
ENSCO Universal Limited  Ordinary Shares   100.00%
Ensco Vistas Limited  Ordinary Shares   100.00%
ENSCO Worldwide GmbH  Ordinary Shares   100.00%
Ensco Worldwide Holdings Ltd.  Ordinary Shares   100.00%
Forasub B.V.  Ordinary Shares   100.00%
Great White Shark Limited  Ordinary Shares   100.00%
Green Turtle Limited  Ordinary Shares   100.00%
Manatee Limited  Ordinary Shares   100.00%
Manta Ray Limited  Ordinary Shares   100.00%
Offshore Drilling Services LLC  Units   100.00%
P.T. ENSCO Sarida Offshore  Ordinary Shares   49.00%
Pride Arabia Co. Ltd.  Ordinary Shares   25.00%
Pride Global II Ltd.  Shares   100.00%
Pride Global Offshore Nigeria Limited  Ordinary Shares   100.00%
Pride International LLC  Shares   100.00%
Ralph Coffman Cayman Limited  N/A (Uncertificated)   100.00%
Ralph Coffman Luxembourg S.à r.l.  Percentage Ownership Interests   100.00%
RD International Services Pte. Ltd.  Shares   100.00%
RDC Arabia Drilling, Inc.  Ordinary Shares   100.00%
RDC Holdings Luxembourg S.à r.l.  Percentage Ownership Interest   100.00%
RDC Malta Limited  Ordinary Shares   100.00%
RDC Offshore Luxembourg S.à r.l.  Percentage Ownership Interest   100.00%
RDC Offshore Malta Limited  Percentage Ownership Interest   100.00%
Rowan Angola Limitada  Percentage Ownership Interest   100.00%

 

 

 

 

Rowan California S.à r.l.  Percentage Ownership Interest   100.00%
Rowan Deepwater Drilling (Gibraltar) Limited  Ordinary Shares   100.00%
Rowan do Brasil Servicos de Perfuracao Ltda.  Percentage Ownership Interest   >99.00%
Rowan Drilling (Gibraltar) Limited  Ordinary Shares   100.00%
Rowan Drilling (Trinidad) Limited  Ordinary Shares   100.00%
Rowan Drilling (U.K.) Limited  Ordinary Shares   100.00%
Rowan Drilling Cyprus Limited  Ordinary Shares   100.00%
Rowan Drilling Services Limited  Ordinary Shares   100.00%
Rowan Drilling Services Nigeria Limited  Ordinary Shares   100.00%
Rowan Egypt Petroleum Services L.L.C.  Quotas   50.00%
Rowan Finanz S.à r.l.  Percentage Ownership Interest   100.00%
ROWAN Global Drilling Services Limited  Ordinary Shares   100.00%
Rowan Holdings Luxembourg S.à r.l.  Percentage Ownership Interest   100.00%
Rowan International Rig Holdings S.à r.l.  Ordinary Shares   100.00%
Rowan Marine Services LLC  LLC Interests   100.00%
Rowan Middle East, Inc.  Rowan Middle East, Inc.   100.00%
Rowan N-Class (Gibraltar) Limited  Ordinary Shares   100.00%
Rowan No. 2 Limited  Shares   100.00%
Rowan North Sea, Inc.  Ordinary Shares   100.00%
Rowan Norway Limited (FKA Rowan (Gibraltar) Limited)  Ordinary Shares   100.00%
Rowan Offshore (Gibraltar) Limited  Ordinary Shares   100.00%
Rowan Offshore Luxembourg S.à r.l.  Shares   100.00%
Rowan Relentless Luxembourg S.à r.l.  Percentage Ownership Interest   100.00%
Rowan Reliance Luxembourg S.à r.l.  Percentage Ownership Interest   100.00%
Rowan Renaissance Luxembourg S.à r.l.  Percentage Ownership Interest   100.00%
Rowan Resolute Luxembourg S.à r.l.  Percentage Ownership Interest   100.00%
Rowan Rex Limited (Cayman)  Ordinary Shares   100.00%
Rowan Rigs S.à r.l.  Percentage Ownership Interest   100.00%
Rowan Services LLC  Percentage Ownership Interest   100.00%
Rowan Standard Ghana Limited  Ordinary Shares   49.00%
Rowan US Holdings (Gibraltar) Limited  Ordinary Shares   73.86%
Rowan, S. de R.L. de C.V.  Social Part   99.00%
Rowandrill Labuan Limited  Ordinary Shares   100.00%
Rowandrill Malaysia Sdn. Bhd.  Ordinary Shares   49.00%
Swiftdrill Offshore Drilling Services Company  Ordinary Shares   100.00%
Valaris Holdco 1 Ltd.  Ordinary Shares   100.00%
Valaris Holdco 2 Ltd.  Ordinary Shares   100.00%
Valaris United LLC  Shares   100.00%