Pacific Drilling S.A. announced last week its intention to offer 50,000,000 common shares in a private placement to qualified investors. The share price is expected to range between $9.20 and $10.50, raising proceeds of approximately $500 million. The proceeds of the offering will be used to finance the Pacific Khamsin and Pacific Sharav, two new advanced capability, ultra-deepwater drillships which were contracted this month at Samsung Heavy Industries (“SHI”) for delivery in the 2nd and 3rd quarter of 2013 respectively.
This is only an excerpt of Pacific Drilling’s $500 Million Private Placement
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Tags: · DnB NOR Markets and RS Platou Markets with Fearnley Fonds, Morgan Stanley, Nordea Markets, Ofer, Pacific Drilling S.A., Pareto, Pareto Securities, Quantum Pacific International Limited, Samsung Heavy Industries, SEB Enskilda
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