-+ 0.00%
-+ 0.00%
-+ 0.00%

Drilling Tools International lines up USD senior secured bond issue in Nordics investor meetings

PUBT·10/13/2026 10:04:22
Listen to the news
Drilling Tools International lines up USD senior secured bond issue in Nordics investor meetings
  • Drilling Tools International engaged a Norwegian investment bank to launch Nordic fixed-income investor meetings for a contemplated USD senior secured bond issue.
  • Meetings are set to start Oct. 14, 2026, with a potential issuance to follow subject to market conditions.
  • Net proceeds are intended to help fund the Saltire Energy acquisition, repay the term loan in full, reduce the ABL revolver, support general purposes.
  • Bonds would be marketed to qualified institutional buyers under Rule 144A, with a separate tranche offered offshore under Regulation S.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Drilling Tools International Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-419607), on October 13, 2026, and is solely responsible for the information contained therein.