Drilling Tools International lines up USD senior secured bond issue in Nordic investor meetings
DTI•Drilling Tools International engaged a Norwegian investment bank to arrange Nordic investor meetings starting Oct. 14, 2026, for a contemplated USD senior secured bond issue, with issuance subject to market conditions.
1. Bond meetings planned
Drilling Tools International engaged a Norwegian investment bank to launch Nordic fixed-income investor meetings starting Oct. 14, 2026, for a contemplated USD senior secured bond issue. A potential issuance would be subject to market conditions.
2. Planned use of proceeds
Net proceeds are intended to help fund the Saltire Energy acquisition, repay the term loan in full, reduce the ABL revolver and support general purposes. The bonds would be marketed to qualified institutional buyers under Rule 144A, with a separate tranche offered offshore under Regulation S.
