Pacific Drilling S.A. – Plan Becomes Effective, Equitizes $1.85 billion in Debt, Leaves Old Equity Holders with 0.003% of New Equity

November 19, 2018 – Following an Extraordinary General Meeting of shareholders held to approve several matters necessary to implement the Debtors’ Plan, including a reverse stock split, amendments to the Company’s Articles of Association, and the appointment of new directors to serve as the Company’s post-emergence Board of Directors, the debtors’ Modified Fourth Amended Joint…