Precision Drilling Corporation Announces Private Offering of Senior Notes
26 Juillet 2011 - 2:08PM
Marketwired
Precision Drilling Corporation ("Precision" or the "Corporation")
today announced plans to commence a private offering of US$300
million aggregate principal amount of senior unsecured notes due
2021 (the "notes"). Precision intends to use the net proceeds from
the proposed notes offering to fund its capital expenditure program
and for general corporate purposes.
The notes will be offered to qualified institutional buyers
under Rule 144A and may be offered outside the United States
pursuant to Regulation S. The notes have not been registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"),
and unless so registered, may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act
and applicable state securities laws. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any offer or sale of the notes in any state, or
jurisdiction in which such offer, solicitation, or sale would be
unlawful.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND
STATEMENTS
Certain statements contained in this news release, including
statements that contain words such as "could", "should", "can",
"anticipate", "estimate", "propose", "plan", "expect", "believe",
"will", "intends", "may" and similar expressions and statements
relating to matters that are not historical facts constitute
"forward-looking information" within the meaning of applicable
Canadian securities legislation and "forward-looking statements"
within the meaning of the "safe harbor" provisions of the United
States Private Securities Litigation Reform Act of 1995
(collectively, "forward-looking information and statements").
In particular, forward-looking information and statements
include, but are not limited to, the following: the proposed
offering of notes and the use of the net proceeds from the proposed
notes offering. These forward-looking information and statements
are based on certain assumptions and analysis made by the
Corporation in light of its experience and its perception of
current conditions and expected future developments as well as
other factors it believes are appropriate in the circumstances.
However, whether actual results, performance or achievements will
conform to the Corporation's expectations and predictions is
subject to a number of known and unknown risks and uncertainties
which could cause actual results to differ materially from the
Corporation's expectations.
About Precision
Precision is a leading provider of safe and High Performance,
High Value services to the North American oil and gas industry.
Precision provides customers with access to an extensive fleet of
contract drilling rigs, service rigs, directional drilling
services, camps, snubbing units, water treatment units and rental
equipment backed by a comprehensive mix of technical support
services and skilled, experienced personnel.
Precision is headquartered in Calgary, Alberta, Canada.
Precision is listed on the Toronto Stock Exchange under the trading
symbol "PD" and on the New York Stock Exchange under the trading
symbol "PDS".
Contacts: Precision Drilling Corporation Carey Ford Vice
President, Finance and Investor Relations 403.716.4575 403.716.4755
(FAX) Precision Drilling Corporation 4200, 150 - 6th Avenue S.W.
Calgary, Alberta, Canada T2P 3Y7
Precision Drilling (NYSE:PDS)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Precision Drilling (NYSE:PDS)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024