Pioneer Drilling closes $250M sale of senior unsecured notes
By APThursday, March 11, 2010
Pioneer Drilling closes $250M notes sale
SAN ANTONIO — Oil and gas driller Pioneer Drilling Co. said Thursday that it closed a $250 million sale of senior unsecured notes.
The company said the previously announced offering was for $250 million worth of 9.875 percent senior unsecured notes due in 2018.
Pioneer plans to use proceeds from the sale to repay part of its outstanding debt in a senior secured revolving-credit facility.
YOUR VIEW POINT
