# EDGAR Filing Document

**Accession Number:** 0001164688
**File Stem:** 0000919574-26-003911
**Filing Date:** 2026-6
**Character Count:** 7695
**Document Hash:** 3f5e9d63308336664cc500d049331aaf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-26-003911.hdr.sgml**: 20260608

**ACCESSION NUMBER**: 0000919574-26-003911

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260608

**DATE AS OF CHANGE**: 20260608

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Valaris Ltd
- **CENTRAL INDEX KEY:** 0000314808
- **STANDARD INDUSTRIAL CLASSIFICATION:** DRILLING OIL & GAS WELLS [1381]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 980635229
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-33427
- **FILM NUMBER:** 261073867

**BUSINESS ADDRESS:**
- **STREET 1:** CLARENDON HOUSE
- **STREET 2:** 2 CHURCH STREET
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 11
- **BUSINESS PHONE:** 4402076594660

**MAIL ADDRESS:**
- **STREET 1:** CLARENDON HOUSE
- **STREET 2:** 2 CHURCH STREET
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 11

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Valaris plc
- **DATE OF NAME CHANGE:** 20190801

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ensco Rowan plc
- **DATE OF NAME CHANGE:** 20190410

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Ensco plc
- **DATE OF NAME CHANGE:** 20100331
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OAK HILL ADVISORS LP
- **CENTRAL INDEX KEY:** 0001164688

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1 VANDERBILT AVE
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 212-326-1500

**MAIL ADDRESS:**
- **STREET 1:** 1 VANDERBILT AVE
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Ex-99

**<u>SCHEDULE 1</u>**

**Transactions in the Shares of the Issuer by the Reporting Person During the Past Sixty (60) Days**

The following table sets forth all transactions in the Shares reported herein effected during the past sixty (60) days by the Reporting Person. Except as noted below, all such transactions were effected by the Reporting Person in the open market through brokers and the price per share excludes commissions.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Trade Date** | &nbsp;&nbsp;**Shares Purchased (Sold)** | &nbsp;&nbsp;**Price Per Share ($)** |
| &nbsp;&nbsp;05/27/2026 | &nbsp;&nbsp;(16904) | &nbsp;&nbsp;93.1684 |
| &nbsp;&nbsp;05/28/2026 | &nbsp;&nbsp;(149) | &nbsp;&nbsp;93.0000 |
| &nbsp;&nbsp;05/29/2026 | &nbsp;&nbsp;(5167) | &nbsp;&nbsp;93.0675 |
| &nbsp;&nbsp;06/01/2026 | &nbsp;&nbsp;(100000) | &nbsp;&nbsp;93.7748 |
| &nbsp;&nbsp;06/02/2026 | &nbsp;&nbsp;(467586) | &nbsp;&nbsp;94.6070 |
| &nbsp;&nbsp;06/03/2026 | &nbsp;&nbsp;(85955) | &nbsp;&nbsp;93.6170 |
| &nbsp;&nbsp;06/04/2026 | &nbsp;&nbsp;(26509) | &nbsp;&nbsp;93.1272 |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 3)**

**Valaris Ltd**

*(Name of Issuer)*

**Common Shares, $0.01 par value per share**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**William H. Bohnsack, Jr.**<br>Oak Hill Advisors, L.P.,<br>One Vanderbilt Avenue - 16th Floor<br>New York NY 10017<br>(212) 884-0384

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/04/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**OAK HILL ADVISORS LP** | Name of reporting person<br>**OAK HILL ADVISORS LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4095067.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4095067.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4095067.00** | Aggregate amount beneficially owned by each reporting person<br>**4095067.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**5.91%** | Percent of class represented by amount in Row (11)<br>**5.91%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** As described in Item 6 of Amendment No. 2, Joseph Goldschmid, an employee of the Reporting Person, holds 5,358 unvested restricted stock units for the benefit of certain clients of OHA.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Shares, $0.01 par value per share

**(b) Name of Issuer:**
Valaris Ltd

**(c) Address of Issuer's Principal Executive Offices:**
CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON, D0, HM 11

The following constitutes Amendment No. 3 ("Amendment No. 3") to the Schedule 13D filed with the Securities and Exchange Commission on June 25, 2021 (as amended, the "Schedule 13D"). This Amendment No. 3 amends and restates Items 5(a)-(c) of the Schedule 13D as set forth below. Capitalized terms used herein and not otherwise defined in this Amendment No. 3 have the meanings set forth in the Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See rows (11) and (13) of the cover page to this Schedule 13D for the aggregate number of Shares and percentages of the Shares beneficially owned by the Reporting Person.   The percentage used in this Schedule 13D is calculated based upon 69,251,780 Shares outstanding as of May 13, 2026, as reported in the Issuer's Preliminary Proxy Statement on Schedule 14A, filed with the SEC on May 19, 2026.

**(b)**
See rows (7) through (10) of the cover page to this Schedule 13D for the number of Shares as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.

**(c)**
The transactions in the Shares effected by the Reporting Person during the past sixty (60) days, which were all in the open market, are set forth on Schedule 1 attached hereto and incorporated by reference herein.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** OAK HILL ADVISORS LP

**Signature:** /s/ William H. Bohnsack, Jr.

**Name/Title:** William H. Bohnsack, Jr. Authorized Signatory

**Date:** 06/08/2026