Independence contract drilling, inc. announces comprehensive refinancing of its term loan indebtedness and plans for additional rig reactivations

Houston, march 18, 2022 /prnewswire/ -- independence contract drilling, inc. (the "company" or "icd") (nyse: icd) today announced that it has entered into a comprehensive refinancing of its term loan indebtedness pursuant to the private placement of $157.5 million aggregate principal amount of floating rate convertible senior secured pik toggle notes due 2026 (the "notes") to affiliates of msd partners, l.p. and glendon capital management l.p.
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