LUXEMBOURG–(BUSINESS WIRE)–Pacific Drilling S.A. (OTCPink: PACDQ) (Pacific Drilling or the
Company) today announced that the United States Bankruptcy Court for
the Southern District of New York has granted the relief requested by
the Company in certain first day motions related to ordinary course
business activities, subject to certain modifications at the request of
the Court, the United States Trustee and stakeholders. The approved
motions give us the authority to, among other things, continue to pay
employee wages and benefits without interruption, to utilize our current
cash management system, and to pay certain foreign and critical vendors
for goods and …
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