Oil States redeems remaining 6˝%, 5 1/8% notes following tender offers

By Tali Rackner

Norfolk, Va., June 9 – Oil States International, Inc. redeemed the remaining $103,931,000 of its $600 million 6˝% senior notes due 2019 and the remaining $150,000 of its $366 million 5 1/8% senior notes due 2023 following a tender offer, according to a press release.

The 6˝% notes were redeemed at $1,050.19 per $1,000 principal amount plus accrued interest to the redemption date.

The 5 1/8% notes were redeemed at $1,166.84 per $1,000 principal amount plus accrued interest to the redemption date.

The redemption date was June 9.

The other $496,069,000 of the 6˝% notes and $365.85 million of the 5 1/8% notes were repurchased in Oil States' previously announced tender offer, which expired on Friday.

The redemption was funded through borrowings under the company’s revolving credit facility and available cash on hand.

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

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