Parker Drilling Company Shares of Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • February 27th, 2017 • Parker Drilling Co /De/ • Drilling oil & gas wells • New York
Parker Drilling Company, a Delaware corporation (the “Company”), proposes to sell to Barclays Capital Inc. (the “Underwriter”) 12,000,000 shares (the “Firm Stock”) of the Company’s common stock, par value $0.16 2/3 per share (the “Common Stock”). In addition, the Company proposes to grant to the Underwriter an option to purchase up to 1,800,000 additional shares of the Common Stock on the terms set forth in Section 2 (the “Option Stock”) of this agreement (this “Agreement”). The Firm Stock and the Option Stock, if purchased, are hereinafter collectively called the “Stock”. This Agreement is to confirm the agreement concerning the purchase of the Stock from the Company by the Underwriter.
Parker Drilling Company 500,000 Shares of 7.25% Series A Mandatory Convertible Preferred Stock (initial liquidation preference of $100 per share) UNDERWRITING AGREEMENTUnderwriting Agreement • February 27th, 2017 • Parker Drilling Co /De/ • Drilling oil & gas wells • New York
Parker Drilling Company, a Delaware corporation (the “Company”), proposes to sell to Barclays Capital Inc. (the “Underwriter”) 500,000 shares (the “Firm Stock”) of the Company’s 7.25% Series A Mandatory Convertible Preferred Stock, with an initial liquidation preference of $100 per share (“Mandatory Convertible Preferred Stock”). In addition, the Company proposes to grant to the Underwriter an option to purchase up to 75,000 additional shares of Mandatory Convertible Preferred Stock on the terms set forth in Section 2 (the “Option Stock”) of this agreement (this “Agreement”). The Firm Stock and the Option Stock, if purchased, are hereinafter collectively called the “Stock”. The Stock will be convertible into a variable number of shares of the Company’s common stock (the “Conversion Shares”), par value $0.16 2/3 per share (the “Common Stock”). This Agreement is to confirm the agreement concerning the purchase of the Stock from the Company by the Underwriter.
FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • February 27th, 2017 • Parker Drilling Co /De/ • Drilling oil & gas wells • New York
THIS FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of February 21, 2017, is by and among PARKER DRILLING COMPANY, a Delaware corporation (the “Borrower”), each of the Subsidiary Guarantors (as defined in the Credit Agreement referenced below), the Lenders (as such term is hereinafter defined) party hereto and BANK OF AMERICA, N.A., as the administrative agent for the Lenders party to the Credit Agreement referenced below (in such capacity, together with the successors in such capacity, the “Administrative Agent”) and L/C Issuer.
