Precision Drilling Corporation Announces Amendments to Its Revolving Credit Facility
06 Septiembre 2012 - 5:30PM
Marketwired
Precision Drilling Corporation (TSX:PD) (NYSE:PDS) ("Precision")
announced that it has amended its Secured Credit Facility ("Secured
Facility") with a syndicate of lenders and Royal Bank of Canada as
the administrative agent. The amendment increases the amount
available under the Secured Facility to US$850 million from US$550
million and extends the maturity date from November 17, 2015 to
November 17, 2017. Amounts borrowed under the Secured Facility may
be used for general corporate purposes.
About Precision
Precision is a leading provider of safe and High Performance,
High Value services to the oil and gas industry. Precision provides
customers with access to an extensive fleet of contract drilling
rigs, directional drilling services, well service & snubbing
rigs, coiled tubing services, camps, rental equipment, and water
treatment units 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 800, 525 - 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1 www.precisiondrilling.com
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