24 Feb 2026regulatory community update● Neutral
A Computershare letter, dated February 17, 2026 and filed February 24, gives notice of a meeting and record date. The dates are not in the text provided; routine filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Oct 2025auditor change● NeutralMajor
Precision filed a notice of change of auditor addressed to KPMG LLP and PricewaterhouseCoopers LLP, with letters from the successor and former auditors. The text shows the names addressed but not which firm is leaving or the reason; the signing CFO is now Dustin D. Honing, replacing Carey Ford in that role.
27 Feb 2025regulatory community update● Neutral
A notice of a meeting and record date was filed through Computershare. The text provided does not show the dates; routine filing.
7 Jan 2025security holder rights change▲ GoodMajor
Precision announced it met its 2024 debt repayment and share repurchase targets and gave capital allocation, financial and operational updates. The figures are not in the text provided. This resolves the targets mentioned in July 2024.
8 July 2024security holder rights change▲ GoodMajor
Precision announced it extended its senior credit facility and gave a progress update on its 2024 debt repayment and share repurchase targets. The text provided is the headline only, so the new maturity, size and progress figures are not given. It shows the company has debt repayment and buyback targets for 2024.
26 Feb 2024regulatory community update● Neutral
A Computershare letter to Canadian securities regulators gives notice of a meeting and record date. The text provided does not show the dates; routine filing.
8 Nov 2023business combination● NeutralMajor
Precision announced it completed its acquisition of CWC Energy Services Corp. Price and terms are not in the text provided. This closes the deal announced September 7, 2023.
15 Sept 2023business combination● NeutralMajor
Precision filed the arrangement agreement dated September 7, 2023 with CWC Energy Services Corp., plus its schedules and a material change report. The text shown is the table of contents only, so price and conditions are not visible. This is the formal agreement behind the acquisition announced September 7.
7 Sept 2023business combination● NeutralMajor
Precision announced it will acquire CWC Energy Services. The text provided is the headline only, so the price and terms are not given. The deal was done by arrangement agreement, filed days later.
16 Feb 2023regulatory community update● Neutral
A Computershare letter to Canadian securities regulators gives notice of a shareholder meeting and record date. The text provided does not show the dates; routine filing.
18 July 2022business combination● NeutralMajor
Precision announced it acquired High Arctic's well servicing and rentals divisions. The text provided is the headline only, so the price and size are not given. It adds to Precision's existing service rig and rentals lines.
23 July 2021joint venture update● Neutral
Precision and Cathedral Energy Services announced a business transaction, a strategic alliance and a newly appointed board member. The text provided is the headline only, so the terms, price and board member's name are not given.
29 June 2021debt financing● Neutral
Precision filed the indenture dated June 15, 2021 for the 6.875% senior notes due 2029, with The Bank of New York Mellon and Computershare Trust Company of Canada as trustees. This is paperwork for the offering that closed June 15; nothing new.
15 June 2021debt financing● NeutralMajor
Precision closed its US$400 million 6.875% senior notes due 2029 and redeemed its 7.75% notes due 2023 and 5.25% notes due 2024. This replaces the 2016 and 2014 notes with a 2029 maturity, completing the refinancing announced June 1, 2021. The redemption amounts are not given in the text provided.
2 June 2021debt financing● Neutral
Precision announced pricing of its private offering of US$400 million of senior notes due 2029. The rate is not in the headline text (the closing notice gives 6.875%). Closing is not yet reported.
1 June 2021debt financing● NeutralMajor
Precision announced a proposed private offering of US$400 million of senior notes and a conditional early redemption of its 7.75% notes due 2023 and 5.25% notes due 2024. This points to refinancing the 2016 and 2014 notes; the use of proceeds beyond the headline is not shown in the text provided.
26 Mar 2020listing compliance notice▼ BadMajor
Precision announced it received a continued listing standard notice from the NYSE. The text provided is the headline only, so the specific shortfall and any cure period are not given. This is a warning about its NYSE listing, not a delisting.
5 Dec 2017debt financing● NeutralMajor
Precision filed two documents: a second amending agreement dated November 21, 2017 to its credit agreement, and the indenture dated November 22, 2017 for its 7.125% senior notes due 2026. The amendment cuts the revolver from US$525 million to US$500 million, extends maturity to November 21, 2021 (with a springing earlier maturity 90 days before certain debt, including the 2020 and 2021 notes, comes due), and extends covenant relief to March 31, 2019. The new 2026 notes' size is not stated in the text provided.
9 Nov 2016debt financing● Neutral
Precision filed the indenture and registration rights agreement, both dated November 4, 2016, for its US$350 million 7.750% senior notes due 2023. This is the paperwork for the offering that closed that day; no new financing.
4 Nov 2016debt financing● Neutral
Precision announced it closed the senior notes offering and the redemption and repurchases of outstanding senior notes. The text provided is the headline only, so the amounts and which notes were retired are not given. This completes the offering announced October 31, 2016.
2 Nov 2016debt financing● Neutral
Precision priced the US$350 million private offering of senior notes due 2023. The text provided gives the headline only; the rate is not stated here (the later registration rights filing shows 7.750%). Closing is not yet reported.
31 Oct 2016debt financing● Neutral
Precision announced a proposed private offering of US$350 million of senior notes, with proceeds to be used to repurchase and redeem existing senior notes. This is a refinancing rather than new borrowing for growth. Pricing and closing are not yet reported.
17 Aug 2016debt financing● Neutral
Precision filed an amended and restated credit agreement for a US$550 million extendible revolving term credit facility, with Royal Banking-style lender group signatories. The text shown is the title and cover page only; the maturity, pricing and covenant terms are not given. It follows the 2014 revolver amendment, but the facility size here (US$550 million) differs from the US$650 million 2014 amendment target, so the revolver was evidently cut again (inference).
5 June 2014debt financing● Neutral
Precision filed the legal documents for the US$400 million 5.250% senior notes due 2024 that closed June 3, 2014: the indenture (with The Bank of New York Mellon and Valiant Trust Company as trustees) and a registration rights agreement. No new financing or figures beyond the already-reported offering; this is paperwork completing that deal.
3 June 2014debt financing● NeutralMajor
Precision closed the US$400 million 5.250% senior notes due 2024 private offering, guaranteed by subsidiaries that also guarantee its revolving credit facility. This completes the offering announced May 28, 2014.
30 May 2014debt financing● NeutralMajor
Precision priced the US$400 million senior notes due 2024 at a 5.250% rate, guaranteed by subsidiaries that also guarantee its revolving credit facility. Proceeds are for general corporate purposes, including building new rigs. Closing not yet reported.
29 May 2014material agreement● NeutralMajor
Precision announced a proposed private offering of US$400 million senior notes due 2024, with proceeds for general corporate purposes including building new rigs. It also launched an amendment to its revolving credit facility, cutting it from US$850 million to US$650 million and extending maturity from November 17, 2018 to June 3, 2019, and loosening the senior debt to EBITDA limit to 3.5:1 for three quarters after a large acquisition. Separately, it won a contract for a new 1500 horsepower Middle East rig for an existing customer, to deploy mid-2015, its ninth Middle East deployment since mid-2012.
10 Dec 2012dividend declaration● NeutralMajor
Precision set 2013 capital spending at $485 million and started a quarterly dividend: $0.05 per share, first payable December 28, 2012 (annualized $0.20). It also decommissioned 52 older rigs (42 Tier 3, 10 Tier 2), exiting Tier 3 contract drilling, with a pre-tax charge of $180-200 million expected for Q4 2012, and expects a goodwill impairment on its Canadian directional drilling operations (the business built partly by the 2011 Axis purchase) - amount not stated. It also won a contract for two new rigs in Kuwait, to be deployed in 2014 under a five-year firm term. This is the first dividend in the history provided.
7 Sept 2012debt financing● Neutral
Precision announced it amended its secured revolving credit facility, but the text provided contains only the headline and cover page; the terms of the amendment are not given, so nothing further can be stated.
12 Sept 2011business combination▲ GoodMajor
Precision closed its acquisition of Axis Energy Services Holdings Inc. on September 9, 2011. Axis does directional drilling and MWD services mainly in Western Canada, with 30 job capacity and about 70 employees; no price is given. This extends the directional drilling push begun with the Drake purchase in March 2011, and Precision expects total North American capacity of about 70 jobs by year-end.