12 June 2020director interest notice● Neutral
PACIFIC DRILLING S.A. insider Avenue Capital Management Ii, L.P. sold 1,353,008 shares at $0.57.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
11 June 2020director interest notice● Neutral
PACIFIC DRILLING S.A. insider Avenue Capital Management Ii, L.P. sold 3,229,912 shares at $0.81.
11 June 2020director interest notice● Neutral
PACIFIC DRILLING S.A. insider Avenue Capital Management Ii, L.P. sold 3,229,912 shares at $0.81.
10 June 2020director interest notice● Neutral
PACIFIC DRILLING S.A. insider Avenue Capital Management Ii, L.P. sold 4,570,389 shares at $1.03.
10 June 2020director interest notice● Neutral
PACIFIC DRILLING S.A. insider Avenue Capital Management Ii, L.P. sold 4,570,389 shares at $1.03.
10 June 2020director interest notice● Neutral
PACIFIC DRILLING S.A. 10%+ owner Strategic Value Partners, LLC sold 19,986,519 shares.
19 May 2020director interest notice● Neutral
PACIFIC DRILLING S.A. insider Avenue Capital Management Ii, L.P. sold 1,098,745 shares.
19 May 2020director interest notice● Neutral
PACIFIC DRILLING S.A. insider Avenue Capital Management Ii, L.P. sold 1,098,745 shares.
8 May 2020quarterly activities report▼ Bad
PACIFIC DRILLING S.A. reported quarterly revenue of $89.4 million and a net loss of $61.0 million for the period ended 2020-03-31.
7 May 2020quarterly activities report▼ Bad
PACIFIC DRILLING S.A. reported quarterly revenue of $89.4 million and a net loss of $61.0 million for the period ended 2020-03-31.
10 Apr 2020listing compliance notice▼ BadMajor
On April 7, 2020 the NYSE told the company its shares fell below the $1.00 minimum average price (30-trading-day average below $1.00 as of April 6). It has until October 7, 2020 to regain compliance or the NYSE will start suspension and delisting procedures. Shares keep trading as PACD with a '.BC' (below compliance) marker, and the company says its contractual and debt obligations are unaffected.
2 Apr 2020production update▼ Bad
The company furnished its April 2, 2020 fleet status report. It shows Pacific Bora's Eni contract ended April 1, 2020, Pacific Mistral and Pacific Scirocco stacked in Las Palmas, and Petronas giving force majeure notice on the Pacific Santa Ana contract effective March 29, 2020 (paid at 70% of the dayrate). Pacific Meltem is mobilizing to the U.S. Gulf of Mexico. The report's risk factors mention coronavirus, the oil price decline, the Zonda arbitration award in favour of Samsung Heavy Industries, the two subsidiaries' bankruptcy proceedings and possible NYSE delisting.
18 Mar 2020director interest notice● Neutral
PACIFIC DRILLING S.A. insider John V Simon bought 67,000 shares on the open market at $0.69.
13 Mar 2020securities registration● Neutral
PACIFIC DRILLING S.A. registered a securities offering with the SEC using its shelf eligibility.
12 Mar 2020director interest notice● Neutral
PACIFIC DRILLING S.A. CHIEF EXECUTIVE OFFICER Bernie G. Wolford received 119,355 shares as part of the equity award.
20 Feb 2020director interest notice● Neutral
Geloven Bouk Van became a PACIFIC DRILLING S.A. director and company insider (initial ownership filing).
14 Feb 2020substantial holder notice● Neutral
Whitebox Advisors LLC, Whitebox General Partner LLC reported a PACIFIC DRILLING S.A. shareholding of 4,311,334 shares (5.70% of votes) in a periodic institutional filing.
13 Feb 2020substantial holder notice● Neutral
OR Strategic Value Partners, LLC, OR SVP Special Situations III LLC, OR SVP Special Situations IV LLC, OR SVP Special Situations III-A LLC, OR Victor Khosla reported a PACIFIC DRILLING S.A. shareholding of 19,986,519 shares (26.60% of votes) in a periodic institutional filing.
11 Feb 2020debt financing● NeutralMajor
On February 7, 2020 the company signed a $50 million first lien superpriority revolving credit facility with Angelo, Gordon Energy Servicer, LLC as administrative agent, maturing April 1, 2023. It carries interest at the three-month LIBO rate (1.5% floor) plus 7.5% and ranks ahead of other first lien holders in an enforcement, so it adds a new layer of debt ahead of the existing First Lien Notes due 2023 and Second Lien PIK Notes due 2024. The same filing also says the company applied to the High Court in London for leave to appeal the arbitration award over the Pacific Zonda construction contract (the detail is in a press release not shown in full here).
7 Jan 2020director interest notice● Neutral
Avenue Europe International Management Genpar, LLC became a PACIFIC DRILLING S.A. company insider (initial ownership filing).
3 Jan 2020director interest notice● Neutral
PACIFIC DRILLING S.A. SVP CORPORATE SERVICES Amy L Roddy had 8,841 shares withheld for taxes on vesting stock.
3 Jan 2020director interest notice● Neutral
PACIFIC DRILLING S.A. SVP & CFO James Whelan Harris had 6,036 shares withheld for taxes on vesting stock.
3 Jan 2020director interest notice● Neutral
PACIFIC DRILLING S.A. SVP & CAO Richard E Tatum had 5,768 shares withheld for taxes on vesting stock.
3 Jan 2020director interest notice● Neutral
PACIFIC DRILLING S.A. SVP OPERATIONS Anthony C Seeliger had 10,086 shares withheld for taxes on vesting stock.
3 Jan 2020director interest notice● Neutral
PACIFIC DRILLING S.A. SVP COMMERCIAL Michael D Acuff had 10,719 shares withheld for taxes on vesting stock.
3 Jan 2020director interest notice● Neutral
Donald Platner became a PACIFIC DRILLING S.A. director and company insider (initial ownership filing).
2 Jan 2020director interest notice● Neutral
Strategic Value Partners, LLC became a PACIFIC DRILLING S.A. 10%+ owner and company insider (initial ownership filing).
2 Jan 2020director interest notice● Neutral
Avenue Capital Management Ii, L.P. became a PACIFIC DRILLING S.A. company insider (initial ownership filing).
2 Jan 2020director interest notice● Neutral
Edward H Burdick became a PACIFIC DRILLING S.A. director and company insider (initial ownership filing).
2 Jan 2020director interest notice● Neutral
Avenue Europe Opportunities Master Fund, L.P. became a PACIFIC DRILLING S.A. company insider (initial ownership filing).