Banks Could Issue $1.2B For Oil Co.

By Carol J. Clouse

October 6, 2008

A bank consortium could soon package a $1.2 billion credit facility for Precision Drilling, a Canadian oil and gas driller. The debt, which would help fund Precision's buyout of Houston-based oil and gas driller Grey Wolf, would consist of a term loan A, term loan B and revolver...

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