Sec Form 4 Filing - Strategic Value Partners, LLC @ PACIFIC DRILLING S.A. - 2020-06-08

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Strategic Value Partners, LLC 2. Issuer Name and Ticker or Trading Symbol PACIFIC DRILLING S.A. [ PACD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 100 WEST PUTNAM AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 06/08/2020 (Street) GREENWICH, CT06830 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 06/08/2020 S 1,471,582 D $ 1.04 4,733,015 I See footnotes ( 1 ) ( 2 ) ( 3 ) Common Stock 06/08/2020 S 1,338,125 D $ 1.04 4,303,786 I See footnotes ( 1 ) ( 2 ) ( 4 ) Common Stock 06/08/2020 S 1,301,724 D $ 1.04 4,186,709 I See footnotes ( 1 ) ( 2 ) ( 5 ) Common Stock 06/08/2020 S 628,890 D $ 1.04 2,022,688 I See footnotes ( 1 ) ( 2 ) ( 6 ) Common Stock 06/09/2020 S 2,024,564 D $ 0.8 2,708,451 I See footnotes ( 1 ) ( 2 ) ( 3 ) Common Stock 06/09/2020 S 1,840,959 D $ 0.8 2,462,827 I See footnotes ( 1 ) ( 2 ) ( 4 ) Common Stock 06/09/2020 S 1,790,879 D $ 0.8 2,395,830 I See footnotes ( 1 ) ( 2 ) ( 5 ) Common Stock 06/09/2020 S 865,212 D $ 0.8 1,157,476 I See footnotes ( 1 ) ( 2 ) ( 6 ) Common Stock 06/10/2020 S 2,708,451 D $ 0.58 0 I See footnotes ( 1 ) ( 2 ) ( 3 ) Common Stock 06/10/2020 S 2,462,827 D $ 0.58 0 I See footnotes ( 1 ) ( 2 ) ( 4 ) Common Stock 06/10/2020 S 2,395,830 D $ 0.58 0 I See footnotes ( 1 ) ( 2 ) ( 5 ) Common Stock 06/10/2020 S 1,157,476 D $ 0.58 0 I See footnotes ( 1 ) ( 2 ) ( 6 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Strategic Value Partners, LLC 100 WEST PUTNAM AVENUE GREENWICH, CT06830 X SVP Special Situations III LLC 100 WEST PUTNAM AVENUE GREENWICH, CT06830 X SVP Special Situations IV LLC 100 WEST PUTNAM AVENUE GREENWICH, CT06830 X SVP Special Situations III-A LLC 100 WEST PUTNAM AVENUE GREENWICH, CT06830 X Khosla Victor 100 WEST PUTNAM AVENUE GREENWICH, CT06830 X Signatures /s/ James Dougherty, as Chief Financial Officer of Strategic Value Partners, LLC 06/10/2020 Signature of Reporting Person Date /s/ James Dougherty, as Chief Financial Officer of SVP Special Situations III LLC 06/10/2020 Signature of Reporting Person Date /s/ James Dougherty, as Chief Financial Officer of SVP Special Situations IV LLC 06/10/2020 Signature of Reporting Person Date /s/ James Dougherty, as Chief Financial Officer of SVP Special Situations III-A LLC 06/10/2020 Signature of Reporting Person Date /s/ Victor Khosla 06/10/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reported securities are held directly by Rathgar, S.a.r.l., Yellow Sapphire, S.a.r.l., Queens Gate, S.a.r.l. and Kings Forest, S.a.r.l. (together, the "Funds") and may be deemed to be held indirectly by Strategic Value Partners, LLC ("Strategic Value Partners"), SVP Special Situations III LLC ("Special Situations III"), SVP Special Situations IV LLC ("Special Situations IV") and SVP Special Situations III-A LLC ("Special Situations III-A"), each as an investment manager, and Victor Khosla ("Mr. Khosla" and, together with Strategic Value Partners, Special Situations III, Special Situations IV, and Special Situations III-A, the "Reporting Persons"), as the sole member of Midwood Holdings, LLC, the managing member of Strategic Value Partners, in each case as described below. ( 2 )The filing of this Form 4 shall not be construed as an admission that the Reporting Persons or the Funds are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owners of any securities of Pacific Drilling S.A. The Reporting Persons and the Funds disclaim such beneficial ownership, except to the extent of their pecuniary interest. ( 3 )Held directly by Rathgar, S.a.r.l., a Luxembourg limited liability company. Special Situations IV is the investment manager of, and exercises discretion over Strategic Value Special Situations Master Fund IV, LP, a Cayman Islands exempted limited partnership, which has an ownership interest in Ranelagh, S.a.r.l., a Luxembourg limited liability company, which has an ownership interest in Rathgar, S.a.r.l. Strategic Value Partners is the managing member of Special Situations IV. Strategic Value Partners and Special Situations IV are both indirectly majority owned and controlled by Mr. Khosla. ( 4 )Held directly by Yellow Sapphire, S.a.r.l., a Luxembourg limited liability company. Special Situations III is the investment manager of, and exercises investment discretion over Strategic Value Special Situations Master Fund III, LP, a Cayman Islands exempted limited partnership, which has an ownership interest in Blue Sapphire, S.a.r.l., a Luxembourg limited liability company, which has an ownership interest in Yellow Sapphire, S.a.r.l. Strategic Value Partners is the managing member of Special Situations III. Strategic Value Partners and Special Situations III are both indirectly majority owned and controlled by Mr. Khosla. ( 5 )Held directly by Queens Gate, S.a.r.l., a Luxembourg limited liability company. Strategic Value Partners is the investment manager of, and exercises investment discretion over Strategic Value Master Fund, Ltd., a Cayman Islands exempted company, which has an ownership interest in Field Point (Europe) II, LLC, a Delaware limited liability company, which has an ownership interest in Field Point IV, S.a.r.l., a Luxembourg limited liability company, which has an ownership interest in Queens Gate, S.a.r.l. Strategic Value Partners is indirectly majority owned and controlled by Mr. Khosla. ( 6 )Held directly by Kings Forest, S.a.r.l., a Luxembourg limited liability company. Special Situations III-A is the investment manager of, and exercises investment discretion over Strategic Value Opportunities Fund, LP, a Cayman Islands exempted limited partnership, which has an ownership interest in Kings Valley, S.a.r.l., a Luxembourg limited liability company, which has an ownership interest in Kings Forest, S.a.r.l. Strategic Value Partners is the managing member of Special Situations III-A. Strategic Value Partners and Special Situations III-A are both indirectly majority owned and controlled by Mr. Khosla.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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