Helmerich Payne (HP) Assigned 'BBB+' Rating by S&P
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Helmerich & Payne, Inc. Announces Proposed Private Debt Offering
March 12, 2015 8:41 AM EDTTULSA, Okla., March 12, 2015 (GLOBE NEWSWIRE) -- Helmerich & Payne, Inc. (NYSE: HP) (the "Company") announced today that its wholly owned subsidiary Helmerich & Payne International Drilling Co. ("Helmerich & Payne International Drilling") is proposing to issue senior notes to eligible purchasers in a private offering. The notes initially will be guaranteed on a senior unsecured basis by the Company.
Helmerich & Payne International Drilling intends to use the net proceeds from the offering for general corporate purposes, including, capital expenditures associated with its rig construction program.
The notes have not been registered under the Securities Act... More
Helmerich & Payne, Inc. Announces Proposed Private Debt Offering
March 12, 2015 8:41 AM EDTTULSA, Okla., March 12, 2015 (GLOBE NEWSWIRE) -- Helmerich & Payne, Inc. (NYSE: HP) (the "Company") announced today that its wholly owned subsidiary Helmerich & Payne International Drilling Co. ("Helmerich & Payne International Drilling") is proposing to issue senior notes to eligible purchasers in a private offering. The notes initially will be guaranteed on a senior unsecured basis by the Company.
Helmerich & Payne International Drilling intends to use the net proceeds from the offering for general corporate purposes, including, capital expenditures associated with its rig construction program.
The notes have not been registered under the Securities Act... More
