Pacific Drilling

Offshore Driller Pacific Sees Emergence From Bankruptcy as Imminent

Offshore Driller Pacific Sees Emergence From Bankruptcy as Imminent

Offshore driller Pacific Drilling Co. expects to emerge from bankruptcy by the end of the year after the U.S. Bankruptcy Court for the Southern District of Texas confirmed the company’s proposed reorganization plan. “The Court’s confirmation of our plan represents an important milestone in our progress towards emergence by year-end with a fully de-levered balance…

December 29, 2020