Precision Drilling Corporation Announces Closing of Senior Notes Offering

Precision Drilling Corporation Announces Closing of Senior Notes Offering 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Precision Drilling Corporation 
TSX SYMBOL:  PD
NYSE SYMBOL:  PDS 
JUNE 3, 2014 
Precision Drilling Corporation Announces Closing of Senior Notes Offering 
CALGARY, ALBERTA--(Marketwired - June 3, 2014) - Precision Drilling Corporation
("Precision") (TSX:PD)(NYSE:PDS) announced today the closing of its
previously-announced private offering of US$400,000,000 aggregate principal
amount of 5.250% Senior Notes due 2024 (the "Notes") in a transaction
that was exempt from the registration requirements of the U.S. Securities Act
of 1933, as amended (the "Securities Act"). The Notes were guaranteed
on a senior unsecured basis by current and future U.S. and Canadian
subsidiaries of Precision that also guarantee Precision's revolving credit
facility and certain other future indebtedness.  
The Notes and the related guarantees were offered only to qualified
institutional buyers in reliance on the exemption from registration set forth
in Rule 144A under the Securities Act, and outside the United States to
non-U.S. persons in reliance on the exemption from registration set forth in
Regulation S under the Securities Act. The Notes and the related guarantees
have not been registered under the Securities Act, or the securities laws of
any state or other jurisdiction, and may not be offered or sold in the United
States without registration or an applicable exemption from the Securities Act
and applicable state securities or blue sky laws and foreign securities laws.  
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, any securities, nor shall there be any sales of the Notes in
any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction. This notice is being issued pursuant to and in accordance with
Rule 135(c) under the Securities Act.  
About Precision  
Precision is a leading provider of safe and High Performance, High Value
services to the oil and gas industry. Precision provides customers with access
to an extensive fleet of contract drilling rigs, directional drilling services,
well service and snubbing rigs, coil tubing services, camps, rental equipment,
and water treatment units backed by a comprehensive mix of technical support
services and skilled, experienced personnel.  
Precision is headquartered in Calgary, Alberta, Canada. Precision is listed on
the Toronto Stock Exchange under the trading symbol "PD" and on The
New York Stock Exchange under the trading symbol "PDS".  
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Precision Drilling Corporation
Carey Ford
Vice President, Finance and Investor Relations
403.716.4575
403.716.4755 
INDUSTRY:  Energy and Utilities - Equipment, Energy and Utilities - Oil and Gas 
SUBJECT:  STK 
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