Independence Contract Drilling Inc. - 2016-04-25


Underwriters exercised their option to purchase 1,725,000 additional common shares in a public offering; the total offering is now about 13.2 million common shares. Net proceeds will repay part of the revolving credit facility borrowings and support general corporate purposes. Shares were priced at $3.50 each. Morgan Stanley is the lead book-running manager, and Johnson Rice & Co. is a joint book-running manager.

Click here to go back to the search page
Estimated Price
Financing Type
Report Date