Precision Drilling Corporation Announces Pricing of Private Offering of US$400,000,000 of Senior Notes Due 2029
Precision Drilling Corporation (PDS)
Last precision drilling corporation earnings: 4/30 06:00 am
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US:NYSE Investor Relations:
precisiondrilling.com/investor-relations/default.aspx
Company Research
Source: GlobeNewswire
CALGARY, Alberta, June 02, 2021 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision” or the “Company”) announced today that it has priced US$400,000,000 aggregate principal amount of its 6.875% Senior Notes due 2029 (the “Notes”), issued at a price equal to 99.253% of the face value, in a private offering that is exempt from the registration requirements of the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes will be guaranteed on a senior unsecured basis by current and future U.S. and Canadian subsidiaries that also guarantee Precision’s revolving credit facility and certain other future indebtedness. Precision plans to use the net proceeds from the offering, together with unutilized capacity under its revolving credit facility, to: (i) redeem in full US$286 million aggregate principal amount of its 7.750% Senior Notes due 2023 (“2023 Notes”); and (ii) redeem in full US$263 million aggregate principal amount of its 5.250% Senior Notes due 2024 (“
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News
- Precision Drilling Co. (NYSE: PDS) had its price target raised by analysts at Piper Sandler from $81.00 to $101.00. They now have an "overweight" rating on the stock.MarketBeat
- Precision Drilling Corporation Holding Virtual-Only 2024 Annual and Special Meeting of Shareholders on May 16 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Precision Drilling Corporation Holding Virtual-Only 2024 Annual and Special Meeting of Shareholders on May 16GlobeNewswire
- Precision Drilling Corporation (NYSE:PDS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Precision Drilling Co. (NYSE: PDS) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
PDS
Earnings
- 4/25/24 - Beat
PDS
Sec Filings
- 5/2/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- PDS's page on the SEC website