SAExploration sets roadshow for $150 million five-year secured notes

By Paul A. Harris

Portland, Ore., June 16 – SAExploration Holdings, Inc. plans to hold a roadshow for a $150 million offering of five-year senior secured notes through the end of the present week, according to an informed source.

Jefferies LLC is the bookrunner for the Rule 144A and Regulation S with registration rights offering.

The notes become callable after 2.5 years at par plus 75% of the coupon.

The Houston-based oilfield services company plans to use the proceeds to refinance debt and to fund the one-time purchase of equipment for its Alaska operations.

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