Oil States to pay down revolver borrowings with notes proceeds

By Sara Rosenberg

New York, Dec. 18 - Oil States International Inc. plans to repay a portion of the debt under its revolving credit facility with proceeds from a $400 million senior unsecured notes offering, according to a market source.

The bond deal was upsized from $300 million.

Oil States is a Houston-based diversified oilfield services company.

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