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Published on 5/15/2018 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Awilco Drilling calls 7% senior secured bonds due 2019 at 101.5

By Susanna Moon

Chicago, May 15 – Awilco Drilling plc said it exercised the call option Monday on its 7% senior secured callable bond issue 2014/2019.

The notes will be redeemed at 101.5% of par with settlement occurring 30 business days after the exercise, or June 28, according to a company announcement.

The company is an Aberdeen, Scotland-based drilling contractor.


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