Superior Well Services offers 6 million shares to repay portion of debt
Superior Well Services offers 6 million shares
Associated Press | Oct 27, 09 4:36 PM CDT in
Business
Superior Well Services Inc., an oil field services company, said Tuesday it has begun a public offering of 6 million shares, and will use the proceeds to repay a portion of its debt.
Underwriters may also purchase up to 900,000 additional shares to cover over-allotments, if any.
BofA Merrill Lynch is serving as book-running manager.
Shares fell 50 cents, or 4 percent, to close at $12.16.
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