Latest News and Press Releases

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,...

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,...

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...

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”...

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...

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...