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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): JUNE 7, 1999
BAYARD DRILLING TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 1-13553 731508021
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
515 WEST GREENS ROAD, SUITE 1200, Houston, Texas 77067
(Address of principal executive offices) (Zip code)
Registrant's telephone number including area code: (713) 874-0035
NOT APPLICABLE
(Former name or former address if changed from last report)
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ITEM 5. OTHER EVENTS.
On June 9, 1999, Bayard Drilling Technologies, Inc. issued a press
release announcing that Bayard's Change of Control Offer to purchase for cash
at 101% of principal amount, plus accrued interest, of all of the outstanding
11% Senior Notes due 2005 of Bayard expired at 5:00 p.m., Eastern Daylight Time
on Monday, June 7, 1999. None of the $100,000,000 of notes outstanding were
tendered in the offer. A copy of the June 9, 1999 press release is included
as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press release, dated June 9, 1999, issued by Bayard Drilling
Technologies, Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
BAYARD DRILLING TECHNOLOGIES, INC.
(Registrant)
By: /s/ Daniel McLachlin
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Daniel McLachlin
President
Date: June 9, 1999
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EXHIBIT INDEX
Exhibit No. Description
99.1 Press release, dated June 9, 1999, issued by Bayard
Drilling Technologies, Inc.
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EXHIBIT 99.1
BAYARD DRILLING TECHNOLOGIES COMPLETES CHANGE OF CONTROL OFFER
Houston, Texas, June 9, 1999, Bayard Drilling Technologies, Inc., a subsidiary
of Nabors Industries, Inc. (AMEX: NBR), today announced that its Change of
Control Offer to purchase for cash at 101% of principal amount, plus accrued
interest, of all the outstanding 11% Senior Notes due 2005 of Bayard expired at
5:00 p.m., Eastern Daylight Time, on Monday, June 7, 1999. None of the
$100,000,000 of notes outstanding were tendered in the offer.
The Nabors companies actively market over 470 land drilling rigs worldwide.
Offshore, Nabors operates 25 platform rigs, six jack-ups and two barge drilling
rigs. Nabors participates in most of the significant oil, gas, and geothermal
drilling markets in the world. Nabors also manufactures top drives and drilling
instrumentation systems and provides comprehensive oilfield engineering, civil
construction, logistics and facility maintenance, and project management
services.
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Nabors' stock is listed on the American Stock Exchange (NBR). For further
information, please contact Dennis A. Smith at Nabors at (281) 874-0035. To
request Investor Materials, call (281) 775-8000 - extension 6363.
