Parker Drilling Company – Files Plan and Disclosure Statement, Sees “Unique Opportunity” for Comprehensive Restructuring, Equity to Get 3%

December 12, 2018 – Parker Drilling filed a Joint Chapter 11 Plan [Docket No. 17] and related Disclosure Statement [Docket No. 21].  The Disclosure Statement provides the following overview of the Debtors restructuring efforts: “The Debtors face obsolescence risk and technology changes while remaining capital constrained. A meaningful investment will be critical for the Debtors…