Wednesday, April 11, 2012 1:36:59 PM
Today : Wednesday 11 April 2012
Parker Drilling Company (NYSE: PKD) (the "Company") today announced that it intends, subject to market and other conditions, to offer and sell to eligible purchasers an additional $125 million aggregate principal amount of its 9 1/8% Senior Notes due 2018. The Company intends to use the net proceeds of the offering of the senior notes to fund an any and all cash tender offer for its $125 million outstanding principal amount of the Company's 2.125% Convertible Senior Notes due 2012.
The notes to be offered have not been registered under the Securities Act of 1933, as amended (Securities Act), or any state securities laws 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. The notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act.
If at first you don’t succeed, remove all evidence you ever tried.
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