HOUSTON--(BUSINESS WIRE)--Allis-Chalmers Energy Inc. (NYSE:ALY - News ) announced today that it intends to offer $350 million aggregate principal amount of senior notes due 2018 in a private placement. Allis-Chalmers plans to use the net proceeds of this offering to fund the cash consideration payable by Allis-Chalmers in connection with its previously announced pending acquisition of Bronco Drilling Company, Inc. (by means of a merger of Bronco Drilling with and into a wholly owned subsidiary of Allis-Chalmers), to repay Bronco Drilling’s outstanding debt and for working capital and other general corporate purposes. The notes will be offered to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, and outside the United States to persons other than U.S. persons, in reliance on...
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