LUXEMBOURG–(BUSINESS WIRE)–Pacific Drilling S.A. (OTC: PACDQ) today announced a net loss for
fourth-quarter 2017 of $129.7 million, or $6.08 per diluted share,
compared to a net loss for third-quarter 2017 of $157.5 million, or
$7.38 per diluted share. Net loss for full-year 2017 was $525.2 million,
or $24.64 per diluted share.
On November 12, 2017 (the Petition Date), we and certain of our
subsidiaries filed voluntary petitions (the Bankruptcy Petitions) for
relief under Chapter 11 of Title 11 of the United States Code (the
Bankruptcy Code) in the United States Bankruptcy Court for the
Southern District of New York (the Bankruptcy Court).
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