Parker Drilling Co. - 2015-01-28
Description
Closed senior secured revolving credit facility maturing in 2020. All outstanding letters of credit are continued under it. Facility can be upsized by $75 million. Facility will support general corporate purposes and letters of credit. Merrill Lynch, Pierce, Fenner & Smith Inc. and Wells Fargo Securities LLC are joint lead arrangers and joint book-runners. Nine financial institutions currently participate.