Parker Drilling Co. announced that it priced its previously announced private placement of $360 million in aggregate principal amount of its Senior Notes due 2022 at par, for a yield to maturity of 6.750%. The offering is expected to close on Jan.

22, 2014, subject to the satisfaction of customary closing conditions. The company said that it intends to use the net proceeds from the offering to fund a portion of its previously announced tender offer for any and all of its outstanding 9.125% Senior Notes due 2018 and the related consent solicitation and to pay related premiums, fees and expenses.