Helmerich & Payne intends to price senior notes

By Aleesia Forni

Virginia Beach, March 12 – Helmerich & Payne International Drilling Co. announced plans to price an issue of senior notes in a company press release on Thursday.

The notes are guaranteed by Helmerich & Payne Inc.

The company intends to use the proceeds from the offering for general corporate purposes, including capital expenditures associated with its rig construction program.

The notes will be sold via Rule 144A and Regulation S.

Tulsa, Okla.-based Helmerich & Payne engages in the contract drilling of oil and gas wells.

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