Bronco Drilling obtains loan waiver of total leverage covenant

By Sara Rosenberg

New York, Feb. 16 - Bronco Drilling Co. Inc. received a waiver of the maximum total leverage ratio contained in its credit facility through the quarter ended June 30, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The waiver was obtained on Feb. 9 from Banco Inbursa S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa.

Bronco Drilling is an Edmond, Okla.-based provider of contract land drilling and workover services to oil and natural gas exploration and production companies.

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