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Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc.
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Pickering Energy Partners acted as a Co-Manager on the $550M upsized private placement of senior secured second lien notes due 2030 for Diamond Offshore Drilling, Inc. (NYSE: DO).
Positive
Successful completion of $550M private placement
Negative
None.
HOUSTON--(BUSINESS WIRE)--
Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $550,000,000 upsized private placement of 8.500% senior secured second lien notes due 2030 for Diamond Offshore Drilling, Inc. (NYSE: DO) which closed on September 21, 2023.
About Pickering Energy Partners
Pickering Energy Partners is an energy-focused financial services platform. Our expertise spans decades across the entire energy landscape. We’ve deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in. For more information, please visit www.PickeringEnergyPartners.com.
Pickering Energy Partners LP (“PEP”) is an SEC Registered Investment Advisor. Affiliated PEP Advisory LLC (“PEP BD”) is a registered broker-dealer, member FINRA/SIPC.
diamond offshore traces its beginnings to the earliest days of the offshore drilling industry. today, after decades of innovation and multiple company and rig acquisitions, diamond offshore provides contract drilling services to the energy industry around the globe and is a leader in deepwater drilling.
