Stallion Oilfield talks $300 million eight-year notes at 9½%-9¾%

By Paul A. Harris

St. Louis, Jan. 18 - Stallion Oilfield Services Ltd. talked its $300 million offering of eight-year senior unsecured notes at 9½% to 9¾% on Thursday, according to an informed source.

The books close at 10 a.m. ET on Friday, and the notes are expected to price thereafter.

UBS Investment Bank is leading the Rule 144A and Regulation S offering of notes. Credit Suisse and Lehman Brothers are joint bookrunners. Banc of America Securities LLC is the co-manager.

The notes come with four years of call protection.

Proceeds will be used to repay bank debt and for general corporate purposes including acquisitions and capital expenditures.

The prospective issuer is a Houston-based oilfield services provider focused on wellsite support and construction and logistics services.

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