Precision Drilling Makes Strides in Financial Goals

Precision Drilling (TSE:PD) has released an update.

Precision Drilling Corporation has announced an extension of its Senior Credit Facility to 2027, with a revised borrowing capacity and amended terms. The company is making substantial progress toward its 2024 financial goals, having already reduced its debt by $103 million and returned $24 million to shareholders through share repurchases. Precision’s strong cash flow and disciplined cost management have been key to advancing its long-term objective of significantly reducing debt and enhancing shareholder value.

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