Reported Earlier, Helmerich & Payne Prices $1.25B Senior Notes, Including $550M Due in 2034, To Support Corporate Initiatives
Portfolio Pulse from Benzinga Newsdesk
Helmerich & Payne has priced $1.25 billion in senior notes to support its acquisition of KCA Deutag International Limited. The proceeds will also be used to repay KCAD's debt and reduce commitments under an existing bridge loan facility.
September 11, 2024 | 7:18 am
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Helmerich & Payne is issuing $1.25 billion in senior notes to finance its acquisition of KCA Deutag and manage related debts. This move is part of a strategic initiative to expand its operations.
The issuance of senior notes indicates a strategic financial move by Helmerich & Payne to fund its acquisition of KCA Deutag. This could lead to growth and expansion, positively impacting the stock price in the short term.
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