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A partial report preview for Paragon Offshore PLC (In Administration)(Old) is shown below.  Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database.  To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

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Paragon Offshore PLC (In Administration)(Old)
3151 Briarpark Drive
Suite 700
Houston, TX  77042-3805  United States
Filed for Bankruptcy on 5/23/2017
This company ceased filing statements with the SEC on 7/18/2017.
On 5/23/2017, the High Court of Justice, Chancery Division, Companies Court of England and Wales appointed Neville Barry Kahn and David Philip Soden of Deloitte LLP as Joint Administrators of the Company. The affairs, business and property of the Company are managed by the Joint Administrators.
This company is no longer actively traded on any major stock exchange.
Business Summary
Paragon Offshore PLC (In Administration)(OldCo) is a global provider of offshore drilling rigs. On July 18, 2017, Paragon Offshore PLC (“OldCo”) emerged from U.S. Bankruptcy reorganization. As part of the restructuring, certain direct and indirect subsidiaries of OldCo and certain other assets of OldCo and/or certain of its direct and indirect subsidiaries (which together constitute the ongoing operational business of the Paragon Offshore group) were transferred directly or indirectly to Paragon Offshore Limited, a newly formed Cayman Islands company. On 7/20/2018, Paragon Offshore PLC (in administration) (Oldco) and certain of its affiliates filed a Chapter 11 petition in the US Bankruptcy Court for the District of Delaware.
(Source: 10-K)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
---YesYes--

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
--YesYesYes--

Industries
SIC Code Description
1382 Oil and gas field exploration services
1389 Oil and gas field services, not elsewhere classified
1381 Drilling oil and gas wells

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board J. RobinsonWest 70 1/1/2014 1/1/2014
Interim President, Chief Executive Officer, Director Dean E.Taylor 67 11/9/2016 1/1/2014
Interim Chief Financial Officer, Senior Vice President - Investor Relations, Strategy and Planning Lee M.Ahlstrom 48 11/9/2016 8/1/2014
9 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
PARAGON LEONARD JONES LLC CALLE MALECON CALETA NUMERO 75, COLONIA CALETA CAMPECHE MX
Prospector Offshore Drilling S.a.r.l. 6, rue Eugene Ruppert LUXEMBOURG Luxembourg

Business Names
Business Name
Bawden Drilling Inc.
Bawden Drilling International Ltd.
Frontier Drilling Nigeria Limited
80 additional Business Names available in full report.

General Information
Outstanding Shares: 89,011,271 (As of 4/28/2017)
Shareholders: 217
Stock Exchange: OTC
Federal Tax Id: 981146017


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Tuesday, April 2, 2024