UPDATE 1-Paragon Offshore to file for pre-packaged bankruptcy
February 12, 2016 at 09:48 AM EST
Feb 12 (Reuters) - Paragon Offshore Plc said it will file for a pre-negotiated Chapter 11 bankruptcy on or before Feb. 14, becoming the first U.S. energy-related company to seek court protection from creditors this year amid a plunge in oil prices.