Key Energy Services Inc. - 2012-03-07

Priced its previously announced private placement of $200 million in aggregate principal amount of its 6.750% Senior Notes due 2021. The notes were priced at 102.5% of par to yield 6.301%. Payment of the notes will be guaranteed by certain of Key Energy Services' restricted subsidiaries. Key plans to use the net proceeds from the offering of the notes to repay borrowings under its senior secured revolving credit facility.