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Precision Drilling ( (TSE:PD) ) has shared an update.
Precision Drilling Corporation has announced a second amended and restated credit agreement involving $375 million in credit facilities. This agreement, dated June 28, 2024, includes multiple financial institutions, with the Royal Bank of Canada serving as the administration agent. The arrangement aims to enhance Precision Drilling’s financial flexibility, supporting its operations and potentially strengthening its position within the industry.
More about Precision Drilling
Precision Drilling Corporation operates in the energy services industry, primarily providing onshore drilling services. The company focuses on delivering high performance, high value services and solutions to the oil and gas industry, with a significant presence in the North American market.
YTD Price Performance: 12.97%
Average Trading Volume: 75,332
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $863.8M
For detailed information about PD stock, go to TipRanks’ Stock Analysis page.
