09:37 AM EST - Precision Drilling Corporation : Provided a series of positive announcements including: 1) 2023 debt repayment and year-end liquidity update; 2) capital allocation framework update; and 3) financial and operational update. Precision reduced total debt by $152 million in 2023, meeting its debt reduction goal. As at December 31, 2023, Precision’s outstanding debt obligations included: US$273 million – 7.125% unsecured senior notes due January 15, 2026; US$400 million – 6.875% unsecured senior notes due January 15, 2029; US$28 million of real estate credit facilities Precision ended 2023 with a cash balance of approximately $55 million and total liquidity of approximately $615 million. Precision Drilling Corporation
shares T.PD are trading down $1.09 at $69.59.
