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...
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 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 Files Application for Administration in United Kingdom to Advance Its Chapter 11 Plan
May 17, 2017 09:28 ET
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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
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...