10:02 AM EST - Precision Drilling Corporation : Provides a series of positive announcements including: 1) 2022 debt repayment and year-end liquidity update; 2) capital allocation framework update; and 3) operations update for drilling activity, Alpha™ technologies and EverGreen environmental solutions. Precision reduced total debt by $106 million in 2022, exceeding its $75 million debt reduction goal. As of December 31, 2022, Precision’s outstanding debt obligations included: US$44 million – senior credit facility due June 18, 2025; US$348 million – 7.125% senior notes due January 15, 202; US$400 million – 6.875% senior notes due June 15, 2029. Precision Drilling Corporation
shares T.PD are trading down $0.07 at $95.57.
