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Parker Drilling calls remainder of 9 1/8% senior notes due 2018
By Tali Rackner
Norfolk, Va., March 6 - Parker Drilling Co. called the remaining amount outstanding under its original $425 million of 9 1/8% senior notes due 2018, according to a notice.
The notes will be redeemed at 104.563 plus accrued interest on April 1.
As previously reported, the company accepted for purchase $416,199,000 principal amount, or 97.9%, of the outstanding notes.
The Bank of New York Mellon Trust Co., NA is the trustee.
Parker Drilling is a Houston-based provider of contract drilling and drilling-related services.
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