Pacific Drilling settles restructuring plan

Offshore drilling company Pacific Drilling, which filed for bankruptcy protection in the US last year, has now secured approval for its rescue plan, and it soon expects to exit bankruptcy protection.

by KATRINE GRØNVALD RAUN

Almost 10 months have passed since offshore drilling company Pacific Drilling applied for bankruptcy protection under chapter 11 in the US. And the company could now be leaving bankruptcy protection, as Pacific Drilling's shareholders have approved a restructuring plan, the company informs in a press release.

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