By Marisa Wong
Morgantown, W.Va., April 17 – ADES International Holding plc announced it priced $325 million of 8 5/8% senior secured notes due 2024.
The offering is expected to close on April 24.
Proceeds will be used for debt refinancing.
Based in Dubai, ADES is an oil and gas drilling and production services provider in the Middle East and North Africa.
| Issuer: | ADES International Holding plc
|
| Issue: | Senior secured notes
|
| Amount: | $325 million
|
| Maturity: | 2024
|
| Coupon: | 8 5/8%
|
| Announcement date: | April 17
|
| Settlement date: | April 24
|
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