Offshore Group Investment gets approval of prepackaged restructuring and recapitalization plan (Scandinavian Oil-Gas Magazine)

Offshore Group Investment gets approval of prepackaged restructuring and recapitalization plan

Published Jan 18, 2016

Offshore Group Investment Limited and its affiliated chapter 11 debtors have received court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged Plan") pursuant to an order dated January 15, 2016.

"The Court's confirmation of our Prepackaged Plan marks an important milestone in our path to emerge from chapter 11 and secure our future as a robust, well-capitalized offshore drilling services provider. We will continue to provide our customers with industry-leading expertise and safe, efficient drilling services, as is our norm," said Paul Bragg, Chief Executive Officer.

Tags: Offshore Group Investment Limited

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