Parker Drilling emerged from Chapter 11 after restructuringChristian Fernsby ▼ | March 27, 2019
Parker Drilling Company announced that it has successfully completed its financial restructuring and emerged from Chapter 11 protection.
America Parker moves forward with a stronger financial position
The Company has also raised an additional $95 million through a fully-backstopped equity rights offering.
Shares of the Company's common stock will no longer trade on the OTC Pink Marketplace effective as of March 26, 2019.
The Company intends to list its common stock on the New York Stock Exchange ("NYSE") as soon as possible. ■