Pacific Drilling S.A. reported the pricing of its private placement of $300 million in aggregate principal amount of 8.25% senior unsecured U.S. dollar denominated notes due in 2015 to eligible purchasers.

The notes mature on February 20, 2015, and will be issued at par. The offering is expected to close on February 20, 2012, subject to customary closing conditions. The net proceeds from the notes shall be employed for company growth, working capital and general corporate requirements.

Tags: Pacific Drilling S.A.