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Savanna Energy Services Closes Debt Offering

Net Proceeds will be used to repay a portion of its outstanding indebtedness under its senior secured revolving credit facilities.

Net proceeds will be used for general corporate purposes, including funding its 2014 capital program.

Additionally, the company repurchased $85 million outstanding 6.5% convertible senior notes due 2015.

Net proceeds will be used for general corporate purposes.

Net proceeds will be used to repay indebtedness outstanding under its revolving credit facility.

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