Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT - PIONEER ENERGY SERVICES CORP | a20148kex991noteredemption.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 23, 2014
PIONEER ENERGY SERVICES CORP. |
(Exact name of registrant as specified in its charter) |
Texas | 1-8182 | 74-2088619 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1250 NE Loop 410, Suite 1000 San Antonio, Texas | 78209 |
(Address of principal executive offices) | (ZIP Code) |
Registrant's telephone number, including area code: (855) 884-0575 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 - Other Events.
On September 23, 2014, Pioneer Energy Services Corp. (the “Company”) announced that it will redeem the remaining $125,000,000 in aggregate principal amount of its 9⅞% Senior Notes due 2018 (CUSIP No. 723655AB2) (the “Notes”). The Notes were issued pursuant to an Indenture, dated as of March 11, 2010 (as supplemented and in effect, the “Indenture”), among the Company, as issuer, the subsidiaries of the Company listed as guarantors thereto and Wells Fargo Bank, National Association, as trustee (the “Trustee”).
The Company will redeem the Notes on October 23, 2014 (the “Redemption Date”) at a redemption price equal to 104.938% of the principal amount thereof, plus accrued and unpaid interest on the Notes redeemed through, but not including, the Redemption Date.
The notice of redemption containing the information required by the terms of the Indenture will be sent to registered holders of the Notes by the Trustee on September 23, 2014. The Trustee will be the paying agent for the Notes to be redeemed.
A copy of the press release announcing the redemption is furnished as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated September 23, 2014
Forward-Looking Statements
Certain statements contained in this current report constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Pioneer’s expectations or beliefs concerning future events, and it is possible that the results described in this current report will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Pioneer’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, Pioneer does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time and it is not possible for management to predict all such factors.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PIONEER ENERGY SERVICES
By: /s/ Lorne E. Phillips
Lorne E. Phillips
Executive Vice President and Chief Financial Officer
Dated: September 23, 2014
EXHIBIT INDEX
No. Description
99.1 | Press release dated September 23, 2014 |