Precision Drilling Corporation long-term debt redemption
2005年9月14日 - 9:00PM
PRニュース・ワイアー (英語)
CALGARY, Sept. 14 /PRNewswire-FirstCall/ -- As per Precision
Drilling Corporation's ("Precision") notice of intention to fully
redeem all of its outstanding long-term debt as outlined in the
press release of September 7, 2005, Precision has provided
irrevocable redemption notices for the repayment of all of its
outstanding debentures consisting of: Cdn. $200 million 6.85%
Series 1 debentures due June 26, 2007, Cdn. $150 million 7.65%
Series 2 debentures due October 27, 2010 and US$300 million 5.625%
debentures due June 1, 2014. The redemption date for all debentures
will be October 17, 2005. The redemption price for each of the
debentures will be established prior to the redemption date
pursuant to the provisions set out in each of the respective
indentures. Precision Drilling Corporation is listed on the Toronto
Stock Exchange under the trading symbols "PD and PD.U" and on the
New York Stock Exchange under the trading symbol "PDS". DATASOURCE:
Precision Drilling Corporation CONTACT: Hank B. Swartout, Chairman,
President and Chief Executive Officer, 4200, 150 - 6th Avenue S.W.,
Calgary, Alberta, T2P 3Y7, Telephone (403) 716-4500, Fax (403)
264-0251, website: http://www.precisiondrilling.com/; Archived
images on this organization are searchable through CNW Photo
Archive website at http://photos.newswire.ca/. Images are free to
accredited members of the media. To request a free copy of this
organization's annual report, please go to http://www.newswire.ca/
and click on reports@cnw.
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