Pacific Drilling to consider Chapter 11 as debt grows to $3B - Seeki...

Pacific Drilling to consider Chapter 11 as debt grows to $3B
Seeking Alpha
Pacific Drilling (NYSE:PACD) said in its Q2 earnings report today that it is considering filing for Chapter 11 bankruptcy protection, as total outstanding debt swells to $3B and the company is on the edge of defaulting on loan agreements at the end of ...