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Superior unveils share offering



By Upstream staff 

Superior Well Services is planning a public offering of 4.6 million common shares.

The oilfield services company expects to use the cash raised to repay debt under its term loan facility and revolving credit facility, as well as to pay for this year's capital expenditure and a portion of next year's.

Superior will offer 3 million shares as newly issued common stock and selling shareholders will offer the balance of the issue.


Tuesday, 28 November, 2006, 11:52 GMT  | last updated: Tuesday, 28 November, 2006, 11:52 GMT

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