Oil States International Inc. - 2010-10-15

Intends to fund its A$651-million acquisition of Australia-based The MAC Services Group Ltd. with cash on hand and borrowings available under a new five-year, US$900-million senior secured bank facility. Oil States entered a commitment letter with Wells Fargo Bank N.A. and its affiliates to provide the facility consisting of revolving credit facilities in both the U.S. and Canada for an aggregate US$600 million, and funded term debt in both the U.S. and Canada totaling US$300 million.