Replies to post #1048 on Paragon Offshore plc (fka PGNPQ)

[Pisd]

Still fighting the term loan people...

http://www.kccllc.net/paragon/document/1610386160922000000000005

"...Paragon’s sole dissenting stakeholder, however, continues to adhere to its original strategy of obstruction, slow-playing and needlessly delaying these chapter 11 cases. The Term Loan Agent’s misplaced goal is clear: derail a near-term exit and leverage the
possibility of Paragon’s slow death in chapter 11 to effectively re-write the bargain the Term Loan Agent itself struck just two years ago in the Secured Term Loan Agreement. In furtherance
of this goal, the Term Loan Agent has waged a scorched-earth campaign against the Debtors with no allegation too speculative, and no argument too misleading, to make..."

filed Thursday

They come back this coming week, for confirmation hearings...