Item 8.01 Other Events
On January 15, 2020, Pacific Drilling S.A. (the "Company") issued a press
release announcing that an award was issued that day in the previously disclosed
arbitration proceedings between the Company's subsidiaries, Pacific Drilling
VIII Limited ("PDVIII") and Pacific Drilling Services, Inc. ("PDSI"), and
Samsung Heavy Industries Co. Ltd. ("SHI") related to the contract for the
construction and sale of the Pacific Zonda. An arbitration tribunal in London,
England (the "Tribunal") awarded SHI approximately $320 million with respect to
its claims against PDVIII and PDSI. The award does not include approximately
$100 million in interest and costs sought by SHI, on which the Tribunal reserved
making a decision to a later date. A copy of the press release issued by the
Company is attached as Exhibit 99.1 hereto and is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Description
99.1 Press Release announcing Arbitration Decision
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