💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Precision Drilling announces pricing for redemption of 2019 notes, partial redemption of 2020 notes

Published 2016-11-08, 09:58 a/m
© Reuters.  BRIEF-Precision Drilling announces pricing for redemption of 2019 notes, partial redemption of 2020 notes
PD
-

Nov 8 (Reuters) - Precision Drilling Corp PD.TO :

* Precision Drilling Corporation announces pricing details of redemption of 2019 notes and partial redemption of 2020 notes

* Precision will redeem in cash all of C$200 million outstanding principal amount of its 6.50% senior notes due 2019

* 2019 notes will be redeemed and interest will cease to accrue on December 4, 2016

* Total redemption amount payable for each C$1,000 principal amount of 2019 notes will be C$1,016.25, plus accrued, unpaid interest

* Will redeem in cash on a pro rata basis US$250 million outstanding principal amount of its 6.625% senior notes due 2020

* Partial redemption of 2020 notes will occur on Dec 4, 2016, interest will cease to accrue on redeemed 2020 notes as of that date Source text for Eikon: ID:nCCNVWZmP Further company coverage: PD.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.