Big players in every industry continue to adapt to the ever-evolving landscape to ensure the longevity and success of their businesses. Towards the end of 2020, we assisted in a multi-jurisdictional transaction which saw the successful completion of a balance sheet restructure and the emergence from Chapter 11 process for an offshore ultra-deepwater drilling company, Pacific Drilling. During this process we closely assisted Pacific Drilling and their lead legal counsel with all corporate and security Gibraltar law aspects.
We look forward to continuing to assist Pacific Drilling with all Gibraltar aspects in order to support their ongoing operations.
Gibraltar offers a flexible and timely business environment for groups wanting to restructure (be it those with existing interest in Gibraltar or those looking for possible alternatives to establish) and we offer a full spectrum of services to assist with the same.
Subscribe to more insights from our experts at Hassans Subscribe now!
As part of its confirmed plan, Pacific Drilling will de-lever its balance sheet by eliminating over $1 billion of funded debt obligations and will have access to additional liquidity to operate going forward with approximately $100 million in cash on hand at emergence and an undrawn $80 million senior secured delayed draw term loan exit facility.
www.rigzone.com/...
/Passle/5e2ef0738313d50b64779f79/MediaLibrary/Images/2026-07-31-09-22-44-384-6a6c6964700fbea3a806afa4.png)
Gibraltar Opens the Door to Tokenised Fund Shares: What It Means and Who Can Use It
DLT now sits inside Gibraltar's statutory framework for investment funds, a step most jurisdictions have discussed without legislating...
/Passle/5e2ef0738313d50b64779f79/MediaLibrary/Images/2026-08-05-08-05-36-747-6a72eed07f4386d590d2f240.png)
/Passle/5e2ef0738313d50b64779f79/MediaLibrary/Images/2026-07-30-07-33-10-238-6a6afe36464b8cfe78d68c10.png)
