Paragon’s Restructuring Hotline


Paragon's Restructuring Claims Agent

Kurtzman Carson Consultants
1.866.967.0491 (Toll-free in USA)
1.310.751.2691 (Outside USA)

Financial Restructuring Information


On July 18, 2017, Paragon Offshore plc (“OldCo”) emerged from U.S. Bankruptcy reorganization (the “Effective Date”). 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 (“Paragon Offshore”).

OldCo will continue to exist as a separate entity subsequent to the Effective Date and its shares were not cancelled on the Effective Date; therefore, OldCo’s shares may continue to trade on over-the-counter markets. At this time, shares of Paragon Offshore are not traded on any market.

Please note that OldCo and Paragon Offshore are two separate and distinct entities and any shares you may see traded of OldCo DO NOT represent the equity of the reorganized Paragon Offshore nor any right to receive any equity or other interest in (or property of) Paragon Offshore.

Neville Barry Kahn and David Philip Soden were appointed Joint Administrators of Paragon Offshore Plc on 23 May 2017. The affairs, business and property of the Company are managed by the Joint Administrators. The Joint Administrators act as agents of the Company and contract without personal liability. In performing their work in relation to this appointment, the Joint Administrators are bound by the Insolvency Code of Ethics, a link to which has been provided on the website set up for this case at

Paragon Offshore Announces Confirmation of Restructuring Plan


Paragon Announces Approval of Administration Application

Press Release 231 KB

Paragon Files Application for UK Administration

Press Release 107 KB

Agreement in Principle on Consensual Plan

Press Release 331 KB

Letter Regarding Certain Shareholder Requests Under Sections 116 and 153 of the Companies Act

Updated FAQs as of January 20, 2017

Agreement in Principle on New Plan

Updated FAQs as of January 3, 2017


Updated FAQs as of October 3, 2016


Updated FAQs as of September 6, 2016


Updated FAQs as of August 22, 2016


Revised Restructuring Agreement

Updated FAQs as of August 2, 2016


Updated FAQs as of July 13, 2016


New FAQs as of June 16, 2016


Plan Support Agreement