Paragon Offshore Plc

Paragon Offshore commented today on the conclusion of the voluntary proceedings commenced July 2017 by Paragon Offshore and certain of Old Paragon’s subsidiaries under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court in the District of Delaware . The subsidiaries of Old Paragon included in the proceedings [...]

Borr Drilling and Paragon Offshore announced today that Borr is extending its previously announced tender offer to purchase all of the outstanding shares of the company. The Offer is being made pursuant to the Tender Offer Agreement, dated as of 21 February 2018, by and between Paragon and Borr. The Offer is now scheduled to expire at 6:00 PM [...]

Paragon Offshore announced today that Paragon has received $8.8 million in proceeds in connection with fully settling an outstanding arbitration claim against Jindal Drilling and Industries Limited. Under the terms of the previously announced Tender Offer by Borr Drilling for all of the shares of the company, these proceeds constitute the [...]

Borr Drilling today announced the commencement of its tender offer to purchase all of the outstanding shares of Paragon Offshore Limited at a purchase price of $42.28 per Share. The Offer will remain open for 20 business days. The Offer Period is expected to expire at 12:01 A.M. Eastern time on March 24, 2018, unless extended. The transaction is [...]

Paragon Offshore announced that it has signed a Tender Offer Agreement with Borr Drilling pursuant to which, on the terms and subject to the conditions thereof, Borr has agreed to commence a tender offer to acquire all of the outstanding shares of the company at a purchase price of $42.28 per Share. Borr is expected to commence the Offer on [...]

Paragon Offshore announced today that it plans to report financial results for the second quarter 2016 on Monday, August 8, 2016, after the close of trading on the OTC Markets.  Copies of Paragon's earnings release will be available on its website at www.paragonoffshore.com. Paragon also has scheduled a teleconference and webcast related to its [...]

HOUSTON, June 13, 2016 /PRNewswire/ -- Paragon Offshore plc ("Paragon") (OTC: PGNPQ) announced today that it issued a report on drilling rig status and contract information as of June 13, 2016.  The report, titled "Fleet Status Report," can be accessed on the Company's website at www.paragonoffshore.com under the "Our Fleet" or "Investor [...]

- First quarter adjusted EBITDA of $115 million net of reorganization items; revenues of $265 million - Contract drilling services costs 28% lower compared to previous quarter - Cash balance at March 31, 2016 of $835 million - Contract backlog at March 31, 2016 of $806 million HOUSTON, May 9, 2016 /PRNewswire/ -- Paragon Offshore plc ("Paragon [...]

HOUSTON, April 18, 2016 /PRNewswire/ -- Paragon Offshore plc ("Paragon") (OTC: PGNPQ) announced today that it plans to report financial results for the first quarter 2016 on Monday, May 9, 2016, after the close of trading on the OTC Markets.  Copies of Paragon's earnings release will be available on its website at www.paragonoffshore.com.   Paragon [...]

- Fourth quarter adjusted EBITDA of $95.9 million net of impairments, gains, and taxes; revenues of $299.6 million - Full year 2015 adjusted EBITDA of $561.3 million net of impairments, gains, and taxes; revenues of $1.5 billion - Contract drilling services costs 18 percent lower quarter-on-quarter; 14 percent lower year-on-year - General and [...]