Paragon Offshore Announces Approval of Administration Application and Appointment of Joint Administrators in the United Kingdom
23 mai 2017 09h27 HE
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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 Files Application for Administration in United Kingdom to Advance Its Chapter 11 Plan
17 mai 2017 09h28 HE
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Paragon Offshore Services LLC
Administration process in UK is a necessary part of previously announced restructuring planParagon will continue to operate in normal course during administrationParagon remains on track to emerge...
Paragon Offshore Reports First Quarter 2017 Results and Provides Fleet Status Report
10 mai 2017 08h30 HE
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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
02 mai 2017 10h49 HE
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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...
Paragon Offshore Reports Fourth Quarter and Full Year 2016 Results and Provides Fleet Status Report
10 mars 2017 08h59 HE
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Paragon Offshore Services LLC
Fourth quarter 2016 revenues of $61 million; net loss of $244 million or $2.78 per shareFull year 2016 revenues of $636 million; net loss of $338 million or $3.87 per shareFourth quarter 2016 adjusted...
Paragon Offshore Announces Agreement in Principle to Support a New Plan of Reorganization With Term Lenders and Revolver Lenders
18 janv. 2017 17h15 HE
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Paragon Offshore Services LLC
Eliminates approximately $2.4 billion of debt through combination of cash and equitizationRe-focuses core business on North Sea, Middle East, and IndiaSecured Term Lenders and Secured Revolver Lenders...
Paragon Offshore Announces Leadership Changes
10 nov. 2016 08h45 HE
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Paragon Offshore Services LLC
Dean Taylor to Serve as Interim President and CEO Lee Ahlstrom Named Interim CFO HOUSTON, Nov. 10, 2016 (GLOBE NEWSWIRE) -- The Board of Directors of Paragon Offshore plc (“Paragon” or the...
Paragon Offshore Reports Third Quarter 2016 Results and Provides Fleet Status Report
08 nov. 2016 16h05 HE
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Paragon Offshore Services LLC
Third quarter 2016 revenues of $125 million; net loss of $64 million or $0.72 per share Adjusted EBITDA of $21 million net of reorganization itemsContract drilling services costs seven percent...
Paragon Offshore To Announce Third Quarter 2016 Results
01 nov. 2016 16h51 HE
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Paragon Offshore Services LLC
HOUSTON, Nov. 01, 2016 (GLOBE NEWSWIRE) -- Paragon Offshore plc (“Paragon”) (OTC:PGNPQ) announced today that it plans to report financial results for the third quarter 2016 on Tuesday, November 8,...
Paragon Offshore Announces Outcome of Confirmation Hearing
28 oct. 2016 14h29 HE
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Paragon Offshore Services LLC
HOUSTON, Oct. 28, 2016 (GLOBE NEWSWIRE) -- Paragon Offshore plc (“Paragon” or the “company”) (OTC:PGNPQ) announced today that the United States Bankruptcy Court (the “Bankruptcy Court”) for the...