Dec 13 (Reuters) - Precision Drilling Corp PD.TO :
* PRECISION DRILLING ANNOUNCES CREDIT FACILITY EXTENSION AND $150 MILLION TOTAL DEBT REDUCTION IN 2018
* PRECISION DRILLING CORP - REMAIN COMMITTED TO DELEVERAGING PLAN OF REDUCING DEBT BY $300 MILLION TO $500 MILLION BETWEEN 2018 AND 2021
* PRECISION DRILLING CORP - COMPLETION WITH OUR LENDERS OF A ONE-YEAR MATURITY EXTENSION OF OUR SENIOR CREDIT FACILITY TO NOVEMBER 2022.
* PRECISION DRILLING CORP - COMPLETED AN ADDITIONAL $34 MILLION IN OPEN MARKET PURCHASES OF ITS 5.25% SENIOR NOTES DUE 2024
* PRECISION DRILLING CORP - TRANSACTIONS WILL BRING TOTAL DEBT REPAYMENTS FOR YEAR-END 2018 TO APPROXIMATELY $150 MILLION
* PRECISION DRILLING CORP - DEBT REPAYMENTS IN 2018 ARE FUNDED FROM FREE CASH FLOW AND PROVIDE ANNUALIZED INTEREST SAVINGS OF APPROXIMATELY $9 MILLION
* PRECISION DRILLING CORP - EXPECTS ITS YEAR END CASH BALANCE TO BE APPROXIMATELY $90 MILLION