Pacific Drilling exclusive plan-filing period, plan mediation extended

By Caroline Salls

Pittsburgh, May 17 – Pacific Drilling SA’s Chapter 11 plan filing period and its initial plan mediation period have been extended to June 4, according to an order filed May 16 with the U.S. Bankruptcy Court for the Southern District of New York.

The exclusive plan vote solicitation period is extended through 60 days from the filing period, provided that the Pacific Drilling debtors have filed a proposed plan before the termination of the exclusive filing period.

The mediation parties include the Pacific Drilling debtors, Quantum Pacific, counsel for an informal debtholders group and credit facility agents.

Pacific Drilling is a Luxembourg-based operator of drillships. The company filed for bankruptcy on Nov. 12, 2017 under Chapter 11 case number 17-13193.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.