18 Aug 2014director interest notice● Neutral
PARAGON OFFSHORE PLC officer Yester William C received 79,281 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 July 2014debt financing● NeutralMajor
In connection with its spin-off from Noble Corporation plc, Paragon sold $500 million of 6.75% senior notes due 2022 and $580 million of 7.25% senior notes due 2024, and its Cayman subsidiary borrowed $650 million under a seven-year secured term loan (JPMorgan Chase as agent). The filing says the proceeds repaid in full the promissory notes issued to Noble for the transfer of its standard specification drilling business, so Paragon starts life as a separate company carrying this new debt, with covenants limiting additional debt, dividends and asset sales.
16 July 2014listing compliance notice▲ GoodMajor
the New York Stock Exchange certified PARAGON OFFSHORE PLC's securities for listing, clearing them to begin trading.
23 May 2014listing compliance notice▼ Bad
PARAGON OFFSHORE PLC withdrew a registration statement, abandoning the offering it covered.
7 Mar 2014securities registration● Neutral
PARAGON OFFSHORE PLC amended a filing by which it registered a securities offering with the SEC.
20 Dec 2013securities registration● Neutral
PARAGON OFFSHORE PLC registered a securities offering with the SEC.