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Precision Drilling Completes High Yield Debt Offering
- Client News
- November 4, 2016
Precision Drilling Corporation completed a Rule 144A and
Regulation S offering of its 7.750% senior notes due 2023 for gross
proceeds of $350 million. Precision Drilling, a Canada-based
provider of oil and natural gas drilling products and services,
specializes in onshore drilling services in all major
unconventional oil and natural gas basins. Paul, Weiss represented
the underwriters, led by Credit Suisse and RBC Capital Markets, in
connection with the offering.
The Paul, Weiss team included corporate partner Christopher Cummings; tax
partner David
Mayo; employee benefits partner Lawrence Witdorchic; and
environmental counsel William O'Brien.