Peregrine Keeps Ch. 11 Afloat With $3M Payment
Peregrine filed for Chapter 11 protection Monday, citing mechanical problems with the drill ship that forced the vessel off-line, nixing the company’s sole source of revenue and rendering it incapable of servicing $189 million in prepetition debt, according to court documents.
“The debtor believes the value...
To view the full article, register now.