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Paragon Offshore Announces Bankruptcy

Rig operator Paragon Offshore has announced a pre-packaged bankruptcy deal to cut one billion dollars of debt from its balance sheet. The firm skipped an interest payment in mid-January while continuing its discussions with its bondholders and lenders, and on Friday, Paragon said that they had

WP_Post Object ( [ID] => 105501 [post_author] => 15 [post_date] => 2016-02-12 20:05:13 [post_date_gmt] => 2016-02-12 20:05:13 [post_content] =>

Rig operator Paragon Offshore has announced a pre-packaged bankruptcy deal to cut one billion dollars of debt from its balance sheet. The firm skipped an interest payment in mid-January while continuing its discussions with its bondholders and lenders, and on Friday, Paragon said that they had

[post_title] => Paragon Offshore Announces Bankruptcy [post_excerpt] => Rig operator Paragon Offshore has announced a pre-packaged bankruptcy deal to cut one billion dollars of debt from its balance sheet. The firm skipped an interest payment in mid-January while continuing its discussions with its bondholders and lende... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => paragon-offshore-announces-bankruptcy [to_ping] => [pinged] => [post_modified] => 2016-02-12 20:05:13 [post_modified_gmt] => 2016-02-12 20:05:13 [post_content_filtered] => [post_parent] => 0 [guid] => http://maritime-executive.com/article/paragon-offshore-announces-bankruptcy-filing [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )