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Published on 5/27/2008 in the Prospect News Bank Loan Daily.

Clayton Williams to repay bank debt with asset sale proceeds

By Sara Rosenberg

New York, May 27 - Clayton Williams Energy Inc. plans on repaying bank debt using proceeds from the sale of two 2,000 horsepower drilling rigs and related components for $22 million, according to a news release.

Clayton Williams is a Midland, Texas-based independent energy company.


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