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2016-06-09 18:30:00

TESCO NEED MONEY

TESCO NEED MONEY

 

TESCO CORPORATION SHARE PRICES

 

TESCO CORPORATION FINANCIAL RESULTS

 

HOUSTON, Texas, June 8, 2016 /PRNewswire/ -- Tesco Corporation (the "Company") (NASDAQ: TESO) today announced that it has priced its underwritten public offering of 7,000,000 common shares of the Company at a price to the public of $7.00 per share. The Company has granted the underwriter a 30-day option to purchase up to an additional 1,050,000 common shares at the offering price (less the underwriting discounts). The Company expects to close the sale of the common shares on June 14, 2016, subject to customary closing conditions.

The Company intends to use the net proceeds of the offering for general corporate purposes, which could include working capital, capital expenditures, acquisitions or other initiatives.

BofA Merrill Lynch is acting as the sole book-running manager for the offering.

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Earlier: 

TESCO NET LOSS $56.8 MLN 

TESCO NET LOSS $133.8 MLN 

TESCO CORPORATION DOWN 57% 

TESCO CORP LOSS $35.7 MLN 

ISSUES FOR TESCO CORPORATION 

TESCO NAMED THE NEW BOSS 

TESCO: BELOW EXPECTATIONS AGAIN 

TESCO ANNOUNCES $100 M 

TESCO CORPORATION: SALES & DOWN 

TESCO OVERWEIGHT 

TESCO: CEO SELLS - 2 

TESCO: CEO SELLS 

TESCO CORPORATION: DIE ANOTHER DAY 

TESCO DON'T PAY AND LOSE 

TESCO REWIEW STRATEGIC PLAN 

TESCO CORPORATION ANNOUNCES Q-4 2013 

 

 

 

 

Tags: TESCO, CORPORATION, OIL, GAS, DRILLING, TOP, DRIVE

Chronicle:

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SMALL BRITAIN'S NUCLEAR

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POLAND, USA NUCLEAR

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