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| PDC > SEC Filings for PDC > Form 8-K on 12-Nov-2009 | All Recent SEC Filings |
12-Nov-2009
Entry into a Material Definitive Agreement, Other Events, Financial Statement
On November 12, 2009, Pioneer Drilling Company (the "Company") entered into an Underwriting Agreement with Jefferies & Company, Inc. (the "Underwriting Agreement") providing for the sale to the public of 3,820,000 shares of the Company's common stock, plus an additional 573,000 shares if the underwriter exercises its 30-day option to cover over-allotments, if any, at $6.75 per share. The Underwriting Agreement contains other terms and conditions that are generally customary for transactions of this nature. The transactions contemplated by the Underwriting Agreement are expected to close on November 17, 2009. A copy of the Underwriting Agreement is filed as Exhibit 1.1 to this Current Report and is incorporated herein by reference. The foregoing description of the terms of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by the Underwriting Agreement.
The offering is being made pursuant to an existing and effective shelf registration statement filed on Form S-3 (File No. 333-160416) with the Securities and Exchange Commission, as supplemented by a final prospectus supplement dated November 12, 2009, filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended.
On November 12, 2009, the Company issued a press release announcing that it has priced the offering described in Item 1.01. A copy of the press release is included as Exhibit 99.1 to this report and is incorporated by reference herein.
The opinion of Fulbright & Jaworski L.L.P. regarding the validity of the common stock issued pursuant to the offering of shares of common stock described in Item 1.01 is filed as Exhibit 5.1 hereto.
(d) Exhibits.
1.1 Underwriting Agreement, dated November 12, 2009
5.1 Opinion of Fulbright & Jaworski L.L.P., dated November 12, 2009
23.1 Consent of Fulbright & Jaworski L.L.P. (included in its opinion filed as Exhibit 5.1)
99.1 Press Release, dated November 12, 2009, announcing pricing a common stock offering
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