Precision Drilling Tweaked In Final Push

The $400 million term loan "B" for Precision Drilling has added final tweaks and is likely to close this week with a split original issue discount.

  • 11 Dec 2008
The $400 million term loan "B" for Precision Drilling has added final tweaks and is likely to close this week with a split original issue discount. Up to $75 million of the loan is being marketed with an 85 OID and LIBOR plus 725 basis points pricing. The ...

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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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3 JPMorgan 92,612.23 269 8.66%
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5 Credit Suisse 70,475.74 184 6.59%