BJ Services Files Form S-1 For IPO Of Shares For Up To US$100 Million

Published: Jul 14 2017
Deal Summary

BJ Services, Inc., a provider of hydraulic fracturing and pressure pumping services, filed the Form S-1 with the US Securities and Exchange Commission for an initial public offering (IPO) of Class A common stock for gross proceeds of up to US$100 million (MM).

The company intends to list its shares on the New York Stock Exchange under the ticker symbol “BJS.”

Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC are acting as joint book-runners to the company for the offering.

The company intends to contribute the proceeds from the offering to BJ Services LLC (BJS LLC) for expanding and improving the reliability of its fleet, investing in facility improvements to optimize its fleet refurbishment program, performing additional research and development; and for other general corporate purposes, including to repay outstanding borrowings.

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