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Pacific Drilling Exclusivity, Mediation, Solicitation Periods Extended

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The U.S. Bankruptcy Court issued an agreed order extending exclusive periods during which Debtors may file a plan of reorganization and solicit acceptances thereof and establishing terms for plan mediation of Pacific Drilling. The extension Order states, “The Mediation Parties have agreed to continue Mediation and extend the Exclusive Filing Period until June 22, 2018 at 5:00 p.m. (prevailing Eastern Time); and therefore, it is hereby ORDERED that the Exclusive Filing Period and the Initial Mediation Period shall each be extended to June 22, 2018 at 5:00 p.m. (prevailing Eastern Time). The Exclusive Solicitation Period is extended through and including sixty (60) days from the Exclusive Filing Period; provided that the Debtors have filed a proposed chapter 11 plan prior to the termination of the Exclusive Filing Period.”

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The post Pacific Drilling Exclusivity, Mediation, Solicitation Periods Extended appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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