Nabors to Commence Benchmark Offering of Senior Notes (PR Newswire) and Nabors Prices $1.125 Billion in Senior Unsecured Debt Offering (PR Newswire)

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City of Industry, CA --(www.USEquityNews.com)-- 01/13/2009 - IPOs industry alert provided by U.S. Equity News. HAMILTON, Bermuda, Jan. 7 /PRNewswire-FirstCall/ -- Nabors Industries Ltd. (NYSE: NBR) today announced that its wholly owned subsidiary, Nabors Industries, Inc., has commenced an offering of Senior Unsecured Notes due 2019. The Notes will be fully and unconditionally guaranteed by Nabors Industries Ltd. The proceeds are intended to be used for the repayment or repurchase of indebtedness and general corporate purposes.


The notes being offered will be offered to qualified institutional buyers under Rule 144A and may be offered in offshore transactions pursuant to Regulation S. The notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. [Read the full article]

HAMILTON, Bermuda, Jan. 7 /PRNewswire-FirstCall/ -- Nabors Industries Ltd. (NYSE: NBR) today announced that its wholly owned subsidiary, Nabors Industries, Inc., has priced $1.125 billion in Senior Unsecured Notes due 2019, following the private placement offering it announced earlier today. The Notes will bear interest at a rate of 9.25 percent and will be fully and unconditionally guaranteed by Nabors Industries Ltd. The proceeds are intended to be used for the repayment or repurchase of indebtedness and general corporate purposes. The transaction is expected to close on or about January 12, 2009. The notes were offered to qualified institutional buyers under Rule 144A and in offshore transactions pursuant to Regulation S. [Read the full article]

EUGENE, Ore., Jan. 7 /PRNewswire-FirstCall/ -- Pacific Continental
Corporation (Nasdaq: PCBK), the bank holding company for Pacific Continental
Bank, today announced the completion of a private placement of 750,000 shares
of common stock at a price of $13.50 per share. The net proceeds from the
offering, after placement fees and estimated transaction expenses, are approximately $9.6 million. Proceeds of the offering will be available to support ongoing organic growth and to fund possible future acquisitions. "Completing this capital raise confirms that, even in troubled economic times, discliplined banks, like Pacific Continental, with sound business models and excellent loan underwriting practices can successfully access the capital markets," said Hal Brown, Pacific Continental's chief executive officer. [Read the full article]

PHILADELPHIA & DENVER--(BUSINESS WIRE)--Fourth graph, second sentence of release should read: The record date for the special meeting is January 16, 2009 (sted xxx February 16, 2009).The corrected release reads:

DEKANIA CORP. TO ACQUIRE BLUECREEK ENERGY, INC. Files Extension Proxy with SEC to Complete Transaction Dekania Corp. (AMEX: DEK) ("Dekania"), a special purpose acquisition company (SPAC) that completed its IPO in February 2007, and
BlueCreek Energy, Inc., an energy company engaged in the acquisition, exploration and development of coal bed methane properties, today announced entering into a non-binding letter of intent for Dekania Corp. to acquire BlueCreek Energy. [Read the full article]

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