Savanna Energy Services Corp. (TO: SVY) completed its offering of $50 million 7% senior unsecured notes due May 25, 2018 pursuant to a private placement in Canada.
The offering was previously announced on Sept. 27. The senior notes were priced at 99.5% of the principal amount thereof plus accrued interest from and including May 25.
Net Proceeds will be used to repay a portion of its outstanding indebtedness under its senior secured revolving credit facilities.
RBC Capital Markets and TD Securities Inc. were co-lead underwriters and joint book-runners in a ...