CORRECTING and REPLACING – Deepwater Offshore Oil and Gas Specialist Deep Down Reports 2017 Revenues and Hosts Investor Call Tomorrow March 29 at 10am ET
March 29, 2018 08:48 ET
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Deep Down Inc.
In a release issued under the same headline yesterday by Deep Down Inc. (OTCQX:DPDW), please note that in the seventh paragraph, the Modified EBITDA in 2016 was incorrectly stated as $1.2 million. The...
Deepwater Offshore Oil and Gas Specialist Deep Down Reports 2017 Revenues and Hosts Investor Call Tomorrow March 29 at 10am ET
March 28, 2018 16:05 ET
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Deep Down Inc.
HOUSTON, March 28, 2018 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQX:DPDW), a specialist in deepwater oil and gas production and distribution equipment and services, today reported financial results...
Deepwater Offshore Oil and Gas Equipment and Services Provider Deep Down Hosts 2017 Investor Call Thu. March 29 at 10am ET
March 21, 2018 13:08 ET
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Deep Down Inc.
HOUSTON, March 21, 2018 (GLOBE NEWSWIRE) -- Deep Down, Inc. (OTCQX:DPDW), a specialist in deepwater oil and gas production and distribution equipment and services, announced today it will report...
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 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...
Paragon Offshore Announces Approval of Administration Application and Appointment of Joint Administrators in the United Kingdom
May 23, 2017 09:27 ET
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Paragon Offshore Services LLC
English Court places Paragon Offshore plc in administration as part of ongoing chapter 11 processJoint Administrators from Deloitte LLP appointedParagon will continue to operate in normal course...
Paragon Offshore Reports First Quarter 2017 Results and Provides Fleet Status Report
May 10, 2017 08:30 ET
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Paragon Offshore Services LLC
First quarter 2017 revenues of $57 million; net loss of $70 million or $0.79 per shareAdjusted EBITDA of negative $2 million net of reorganization itemsCash balance at March 31, 2017 of $833 million...
Paragon Offshore Announces Consensual Restructuring Agreement Reached Between Secured and Unsecured Lenders, Establishing Litigation Trust for Creditors to Pursue Claims Against Noble Corporation
May 02, 2017 10:49 ET
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Paragon Offshore Services LLC
AGREEMENT CLEARS PATH TO JUNE CONFIRMATION Term Lenders and Revolver Lenders to receive pro rata shares of $410 million in cash, 50% of new common equity, and new term debt of $85...