Oak Hill Advisors Lp - Apr 30, 2021 Form 3 Insider Report for Valaris Ltd (VAL)

Role: 10%+ Owner
Signature: /s/Glenn R. August, individually and on behalf of Oak Hill Advisors, L.P., Oak Hill Advisors GenPar, L.P. and Oak Hill Advisors MGP, Inc.
Stock symbol: VAL
Transactions as of: Apr 30, 2021
Transactions value $: $0
Form type: 3
Date filed: 5/10/2021, 06:00 PM
Next filing: Jun 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VAL	Common Shares, $0.01 par value per share						8.98M	Apr 30, 2021	See footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Oak Hill Advisors, L.P. ("OHA") is an advisor to certain client accounts (directly or indirectly through an affiliate) which hold the securities reported herein. Oak Hill Advisors GenPar, L.P. is the general partner of OHA. Oak Hill Advisors MGP, Inc. is the managing general partner of Oak Hill Advisors GenPar, L.P. Mr. Glenn R. August controls OHA.
F2	Pursuant to Rule 16a-1 under the Exchange Act of 1934, as amended (the "Act"), the Reporting Persons may be deemed to be the indirect beneficial owners of the securities held by the OHA client accounts only to the extent of their respective pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Act or otherwise, the beneficial owners of any securities held by the OHA client accounts, in each case except to the extent of such pecuniary interest, if any.

Content

Oak Hill Advisors, L.P. ("OHA") is an advisor to certain client accounts (directly or indirectly through an affiliate) which hold the securities reported herein. Oak Hill Advisors GenPar, L.P. is the general partner of OHA. Oak Hill Advisors MGP, Inc. is the managing general partner of Oak Hill Advisors GenPar, L.P. Mr. Glenn R. August controls OHA.

Pursuant to Rule 16a-1 under the Exchange Act of 1934, as amended (the "Act"), the Reporting Persons may be deemed to be the indirect beneficial owners of the securities held by the OHA client accounts only to the extent of their respective pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Act or otherwise, the beneficial owners of any securities held by the OHA client accounts, in each case except to the extent of such pecuniary interest, if any.