Paragon Offshore Provides Fleet Status Report
October 17, 2016 16:05 ET
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Paragon Offshore Services LLC
HOUSTON, Oct. 17, 2016 (GLOBE NEWSWIRE) -- Paragon Offshore plc (“Paragon”) (OTC:PGNPQ) announced today that it issued a report on drilling rig status and contract information as of October 17,...
Paragon Offshore Provides Fleet Status Report
September 19, 2016 16:05 ET
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Paragon Offshore Services LLC
HOUSTON, Sept. 19, 2016 (GLOBE NEWSWIRE) -- Paragon Offshore plc (“Paragon”) (OTC:PGNPQ) announced today that it issued a report on drilling rig status and contract information as of September 19,...
Paragon Offshore to Present at Pareto Securities’ 23rd Annual Oil and Offshore Conference
September 14, 2016 04:45 ET
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Paragon Offshore Services LLC
HOUSTON, Sept. 14, 2016 (GLOBE NEWSWIRE) -- Paragon Offshore plc (“Paragon”) (NYSE:PGNPQ) President and Chief Executive Officer Randall D. Stilley spoke today at Pareto Securities’ 23rd Annual Oil...
Paragon Offshore Announces Binding Support of Revised Restructuring Plan
August 10, 2016 16:43 ET
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Paragon Offshore Services LLC
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
August 08, 2016 16:01 ET
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Paragon Offshore Services LLC
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
August 08, 2016 08:30 ET
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Paragon Offshore Services LLC
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...