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CALGARY, ALBERTA--(Marketwired - Jan. 25, 2017) - Trinidad Drilling Ltd. (TSX:TDG) ("Trinidad" or "the Company") today announced the commencement of a cash tender offer to purchase any and all outstanding aggregate principal amount of its 7 7/8% Senior Notes due 2019 (the "2019 Notes"). As of January 24, 2017, US$450,000,000 aggregate principal amount of the notes were outstanding. The tender offer is being made pursuant to an offer to purchase and related letter of transmittal, each dated as of January 25, 2017, and a notice of guaranteed delivery. The tender offer will expire at 9:00 a.m., New York City time, on February 8, 2017, unless extended (the "Expiration Time"). |
