Tuscany Seeks Low 10s

Tuscany Seeks Low 10s

Brazil Colombia Bonds Canada

Tuscany International Drilling is out with initial price thoughts of low 10%-area as it prepares to price a $200m 2019NC4 bond this week. The Canada-based land drilling services provider predominantly operating in LatAM has wrapped up fixed-income meetings in Canada, Latin America and the US and is expected to price Thursday or Friday. The notes will be guaranteed by five of Tuscany’s subsidiaries and proceeds will be used to repay all senior secured term loans outstanding under its existing cre

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