Paragon Offshore Announces Binding Support of Revised Restructuring Plan 100% of Revolver Lenders Support the Revised Restructuring Plan69% of Bondholders Support the Revised Restructuring Plan HOUSTON, Aug. 10, 2016 (GLOBE NEWSWIRE) -- Paragon Offshore plc (“Paragon”...

Paragon Offshore Reports Second Quarter 2016 Results and Provides Fleet Status Report Second quarter 2016 revenues of $185 million; net loss of $25 million or $0.29 per share Adjusted EBITDA of $66 million net of reorganization itemsContract drilling services costs 19 percent...

Paragon Offshore Announces Agreement in Principle for Revised Restructuring Agreement With Bondholders and Revolver Banks Further enhances liquidity and strengthens balance sheet by allowing Paragon to retain $60 million of additional cashLowers minimum liquidity covenantExtends net leverage ratio and interest coverage...