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United States Finance Offshore

Idan Ofer agrees Pacific Drilling restructuring plan

Pacific Drilling has reached a mediation settlement between Quantum Pacific and an ad hoc group of creditors for a restructuring plan. The New York-listed company expects a smooth confirmation process and a quick emergence from its Chapter 11 proceedings

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The new package will strengthen the balance sheet by reducing leverage and delivering a substantial amount of new capital, Pacific Drilling said

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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