Borr Drilling Limited Announces Expiration of Tender Offer for Shares of Paragon Offshore Limited
March 27, 2018 23:09 ET
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Paragon Offshore Services LLC
HAMILTON, Bermuda and HOUSTON, March 27, 2018 (GLOBE NEWSWIRE) -- Borr Drilling Limited (“Borr”) and Paragon Offshore Limited (“Paragon”) announced today that Borr’s previously announced tender...
Paragon Offshore Limited Comments on Dismissal of the Chapter 11 Cases Related to Prospector Offshore
March 27, 2018 21:21 ET
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Paragon Offshore Services LLC
Prospector Offshore chapter 11 cases dismissedOwnership of Prospector rigs transferred to Paragon Offshore LimitedSatisfies key condition precedent in Borr Drilling Limited’s acquisition of Paragon...
Borr Drilling Limited Extends Tender Offer for All Outstanding Shares of Paragon Offshore Limited
March 26, 2018 00:33 ET
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Paragon Offshore Services LLC
Borr extends Offer to 6:00 PM Eastern time on Tuesday 27 March 2018As of 5:00 PM Eastern time on Friday 23 March 2018, 4,985,957 Shares, representing over 99% of the outstanding Shares of Paragon, had...
Paragon Offshore Limited Receives Arbitration Settlement Proceeds, Increases Per Share Purchase Price by $1.60
March 21, 2018 17:01 ET
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Paragon Offshore Services LLC
Paragon receives arbitration settlement proceeds of $8.8 million, or $1.60 per fully diluted shareProceeds raise total cash consideration for Paragon shares to $43.88 per fully diluted shareTender...
Borr Drilling Announces Commencement of Tender Offer for Shares of Paragon Offshore Limited
February 26, 2018 19:38 ET
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Paragon Offshore Services LLC
HAMILTON, Bermuda and HOUSTON, Texas, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Borr Drilling Limited (“Borr”) today announced the commencement of its tender offer to purchase all of the outstanding shares...
Paragon Announces Agreement to be Acquired by Borr Drilling and Execution of Settlement Agreement in Prospector Chapter 11 Cases
February 22, 2018 02:41 ET
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Paragon Offshore Services LLC
Tender offer for all of Paragon’s outstanding sharesCash offer price of $42.28 per shareRecommended by Paragon’s Board of DirectorsSupported by 67.9% of Paragon’s shareholdersConsensual agreement...
Paragon Offshore Limited Announces Management Changes
August 24, 2017 16:09 ET
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Paragon Offshore Services LLC
Mr. James Swent III named as President and Chief Executive OfficerMr. George Sandison becomes Chairman of the Board of DirectorsMr. William C. “Charlie” Yester to retire after more than 40 years of...
Paragon Offshore Limited Comments on Chapter 11 Filings Related to Prospector Offshore
July 20, 2017 18:14 ET
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Paragon Offshore Services LLC
HOUSTON, July 20, 2017 (GLOBE NEWSWIRE) -- Paragon Offshore Limited (“New Paragon” or the “company”) commented today on new voluntary proceedings commenced by Paragon Offshore plc (in...
Paragon Offshore Completes Restructuring Plan and Emerges From Chapter 11
July 18, 2017 11:58 ET
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Paragon Offshore Services LLC
Eliminates approximately $2.3 billion of debtEmerges with approximately $165 MM of available cash and $85 million in debtAppoints new board of directorsLaunches CEO search HOUSTON, July 18, 2017 ...
Paragon Offshore Announces Confirmation of Restructuring Plan
June 07, 2017 16:17 ET
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Paragon Offshore Services LLC
HOUSTON, June 07, 2017 (GLOBE NEWSWIRE) -- Paragon Offshore plc (“Paragon” or the “company”) (OTC:PGNPQ) announced today that the United States Bankruptcy Court has approved the company’s consensual...