Helmerich & Payne, Inc.

NYSE:HP   3:59:58 PM EDT
26.71
-0.52 (-1.91%)
Products, Equity Investments, Expansion

Adnoc Says Helmerich & Payne Will Make $100 Mln Cornerstone Investment Into ADNOC Drilling’s IPO

Published: 09/08/2021 10:16 GMT
Helmerich & Payne, Inc. (HP) - Ric:adnoc.
Ul]:adnoc and Helmerich & Payne Form Strategic Alliance; Helmerich & Payne Makes Cornerstone Investment in Adnoc Drilling Ipo.
Adnoc Drilling Will Acquire Eight World-class Land Rigs From Helmerich & Payne As Part of the Strategic Alliance.
Helmerich & Payne Will Make a Cornerstone Investment in Adnoc Drilling’s Upcoming Initial Public Offering As It Seeks to Grow in Region.
Adnoc Drilling Acquire Eight Flexrig® Land Rigs From H&p for $86.5 Million.
H&p Will Make a $100 Million Cornerstone Investment Into Adnoc Drilling’s Recently Announced Initial Public Offering (“ipo”).
Strategic Alliance and Rig Acquisition Will Support Adnoc’s Target of Reaching 5 Million Barrels per Day (mbpd) Production Capacity.
Moelis & Company Acted As Exclusive Financial Advisor to Adnoc.
Morgan Stanley & Co. Llc Acted As Exclusive Financial Advisor to H&p.
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