UK oil well group Expro sells $100m tap after equitising shareholder loans

Expro, the UK oil and gas well services provider, has raised $100m of additional 8.5% 2016 notes. The tap was priced at the tight end of guidance at 104.5 to yield 6.9897%.

  • By Stefanie Linhardt
  • 15 Jul 2013

Bookrunner Goldman Sachs released talk in the 104-104.5 area on Thursday afternoon, with plans to price the tap late on Thursday, New York time.

Together with its previously outstanding $991m of notes, Expro now has $1.091bn of the bond maturing in December 2016.

The company, which is majority ...

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GlobalCapital European securitization league table

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1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

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1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
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