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Tuscany International Drilling plans roadshow for senior notes offer
By Christine Van Dusen and Paul A. Harris
Portland, Ore., Nov. 19 - Tuscany International Drilling Inc. plans to start a roadshow on Thursday for a U.S. dollar-denominated offering of senior notes (expected ratings /B/B+), according to a New York-based trader.
Credit Suisse and Scotia Capital are the joint bookrunners.
The roadshow for the Rule 144A and Regulation S deal wraps up on Nov. 27.
The Calgary, Alta.-based oilfield services provider plans to use the proceeds, together with funds drawn from an amended and upsized revolver, to repay term loans under its credit agreement.
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