Oil States pricing $300 million 10-year notes Tuesday via RBC

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Dec. 18 - Oil States International Inc. intends to sell $300 million senior notes due January 2023 (expected ratings Ba3/BB+) on Tuesday, according to a market source.

An investor call was scheduled to take place at 11 a.m. ET.

RBC Capital Markets LLC is the bookrunner for the Rule 144A and Regulation S with registration rights deal.

The notes will be non-callable for five years and carry a three-year 35% equity clawback and a 101% poison put.

Proceeds will be used to repay U.S. revolving credit facility debt.

Oil States is a Houston-based oilfield services company.

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