Paragon Offshore repurchased an aggregate principal amount of $25.2 million of its senior unsecured notes in December 2014 at an aggregate cost of $15.3 million including accrued interest. The repurchases consisted of $15.2 million of its 6.75 percent senior notes due 2022 and $10.0 million of its 7.25 percent senior notes due 2024.

Paragon repurchased the senior notes at an average purchase price of 60.6 percent of face value including accrued interest. These repurchases are in addition to previously announced repurchases which included an aggregate principal amount of $10 million purchased during the early fourth quarter of 2014.

Tags: Paragon Offshore plc