Latest News and Press Releases

HAMILTON, Bermuda and HOUSTON, March 27, 2018 (GLOBE NEWSWIRE) -- Borr Drilling Limited (“Borr”) and Paragon Offshore Limited (“Paragon”) announced today that Borr’s previously announced tender...

Prospector Offshore chapter 11 cases dismissedOwnership of Prospector rigs transferred to Paragon Offshore LimitedSatisfies key condition precedent in Borr Drilling Limited’s acquisition of Paragon...

Borr extends Offer to 6:00 PM Eastern time on Tuesday 27 March 2018As of 5:00 PM Eastern time on Friday 23 March 2018, 4,985,957 Shares, representing over 99% of the outstanding Shares of Paragon, had...

Paragon receives arbitration settlement proceeds of $8.8 million, or $1.60 per fully diluted shareProceeds raise total cash consideration for Paragon shares to $43.88 per fully diluted shareTender...

HAMILTON, Bermuda and HOUSTON, Texas, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Borr Drilling Limited (“Borr”) today announced the commencement of its tender offer to purchase all of the outstanding shares...

Tender offer for all of Paragon’s outstanding sharesCash offer price of $42.28 per shareRecommended by Paragon’s Board of DirectorsSupported by 67.9% of Paragon’s shareholdersConsensual agreement...

Mr. James Swent III named as President and Chief Executive OfficerMr. George Sandison becomes Chairman of the Board of DirectorsMr. William C. “Charlie” Yester to retire after more than 40 years of...

HOUSTON, July 20, 2017 (GLOBE NEWSWIRE) -- Paragon Offshore Limited (“New Paragon” or the “company”) commented today on new voluntary proceedings commenced by Paragon Offshore plc (in...

Eliminates approximately $2.3 billion of debtEmerges with approximately $165 MM of available cash and $85 million in debtAppoints new board of directorsLaunches CEO search HOUSTON, July 18, 2017 ...

HOUSTON, June 07, 2017 (GLOBE NEWSWIRE) -- Paragon Offshore plc (“Paragon” or the “company”) (OTC:PGNPQ) announced today that the United States Bankruptcy Court has approved the company’s consensual...