By Paul A. Harris
Portland, Ore., Feb. 16 - Pacific Drilling SA announced in a Thursday press release that it has priced a $300 million issue of three-year notes at par to yield 8¼%.
Pareto Securities, DnB NOR Markets and RS Platou Markets were the bookrunners.
Fearnley Fonds, Nordea Markets and SEB Enskilda were the co-managers.
Proceeds will be used to fund working capital and company growth and for general corporate purposes.
The company is an ultra-deepwater drilling services provider to the oil and natural gas industry. It was formed in Luxembourg. Its operational headquarters are in Houston.
| Issuer: | Pacific Drilling SA
|
| Amount: | $300 million
|
| Maturity: | Feb. 20, 2015
|
| Securities: | Senior notes
|
| Bookrunners: | Pareto Securities, DnB NOR Markets, RS Platou Markets
|
| Co-managers: | Fearnley Fonds, Nordea Markets, SEB Enskilda
|
| Coupon: | 8¼%
|
| Price: | Par
|
| Yield: | 8¼%
|
| Announcement date: | Feb. 15
|
| Settlement date: | Feb. 20
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Roadshow
|
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