Text Size:
A | A

Pioneer Energy Services Closes Senior Notes

Text Size: A | A
 
March 18, 2014

Pioneer Energy Services Corp. (NYSE: PES) closed its previously announced offering of $300 million, in aggregate principal amount, of 6.125% senior notes due 2022, the company said March 18.

Net proceeds will fund a portion of a previously announced cash tender offer for its outstanding 9.78% senior notes due 2018, Pioneer Energy Services said. Net proceeds not used will redeem up to $300 million of existing notes not tendered in the offer, the company added.

Early results of this tender offer were detailed, the company said, noting that about $99,472,000 ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription