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BRIEF-Newpark announces proposed $100 mln convertible notes offering
November 28, 2016 / 9:25 PM / 10 months ago

BRIEF-Newpark announces proposed $100 mln convertible notes offering

Nov 28 (Reuters) - Newpark Resources Inc

* Newpark announces proposed $100.0 million convertible notes offering

* Newpark resources inc- intends to offe $100.0 million aggregate principal amount of convertible senior notes due 2021 in a private placement

* Newpark resources inc- notes are expected to pay interest semiannually and to be convertible as of june 1, 2021

* Newpark resources inc- intends to use net proceeds from offering to retire existing indebtedness Source text for Eikon: Further company coverage:

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