Pacific Drilling – Final Form of Equity Commitment Agreement with Quantum Pacific (Gibraltar) Includes $40 million Commitment Premium

September 12, 2018 – Pacific Drilling filed the final form of its Equity Commitment Agreement with Quantum Pacific (Gibraltar) Limited [Docket No. 582]. The agreement includes a commitment premium (the “Commitment Premium”) of $40 million in new equity which the Debtors believe is necessary to induce support for its comprehensive $1.5 billion capital raising effort….