<SEC-DOCUMENT>0001171843-17-007252.txt : 20171122
<SEC-HEADER>0001171843-17-007252.hdr.sgml : 20171122
<ACCEPTANCE-DATETIME>20171122164509
ACCESSION NUMBER:		0001171843-17-007252
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20171122
FILED AS OF DATE:		20171122
DATE AS OF CHANGE:		20171122

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRECISION DRILLING Corp
		CENTRAL INDEX KEY:			0001013605
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14534
		FILM NUMBER:		171220406

	BUSINESS ADDRESS:	
		STREET 1:		150 - 6TH AVENUE S.W.
		STREET 2:		SUITE 4200
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3Y7
		BUSINESS PHONE:		403-716-4500

	MAIL ADDRESS:	
		STREET 1:		150 - 6TH AVENUE S.W.
		STREET 2:		SUITE 4200
		CITY:			CALGARY
		STATE:			A0
		ZIP:			T2P 3Y7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRECISION DRILLING TRUST
		DATE OF NAME CHANGE:	20051121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRECISION DRILLING CORP
		DATE OF NAME CHANGE:	19960506
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_112217.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">UNITED STATES</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Washington, D.C. 20549</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">FORM 6-K</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">REPORT OF FOREIGN PRIVATE
ISSUER</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Pursuant to Section 13a-16
or 15d-16 of the</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Securities Exchange Act
of 1934</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">For the month of,
November 2017</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Commission File Number: 001-14534</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Precision Drilling Corporation</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">800, 525 - 8 Avenue S.W.</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Calgary, Alberta</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Canada T2P 1G1</P>

<P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Address of principal executive offices)</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt">Indicate by check mark
whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</P>

<P STYLE="text-align: center; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt">Form 20-F ____&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form
40-F <U>&#160;&#160; X&#160;&#160;&#160; </U></P>

<P STYLE="text-align: left; margin-top: 0pt; margin-bottom: 0pt">&#160;</P>

<P STYLE="font-size: 10pt; text-align: justify; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt">Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1). ____</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&#160;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt">Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="font-size: 10pt; text-align: left; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt">&#160;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">SIGNATURE</P>

<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&#160;</P>

<P STYLE="font-size: 10pt; text-align: left; text-indent: 36pt; margin-top: 0pt; margin-bottom: 0pt">Pursuant to the requirements
of Section 12 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.</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
<TR>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Dated: November 22, 2017</FONT></TD>
    <TD COLSPAN="2"><B>PRECISION DRILLING CORPORATION</B></TD></TR>
<TR>
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 29%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">By: <FONT STYLE="font-size: 10pt; font-weight: normal; font-style: normal; font-variant: normal">/s/Carey T Ford</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>Name: Carey T Ford</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Senior Vice President and Chief Financial Officer</TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
<TR>
    <TD STYLE="width: 6%; text-decoration: underline"><U>Exhibit </U></TD>
    <TD STYLE="width: 94%; text-decoration: underline"><U>DESCRIPTION</U></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD><A HREF="exh_991.htm">99.1</A></TD>
    <TD><A HREF="exh_991.htm">PRECISION DRILLING ANNOUNCES CLOSING OF SENIOR NOTES OFFERING AND REDEMPTION OF 2020 SENIOR NOTES NOT TENDERED IN TENDER OFFER</A></TD></TR>
</TABLE>
<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&#160;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: left"><B>&nbsp;<IMG SRC="image_002.jpg" ALT=""></B></P>

<P STYLE="margin: 0"></P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0"><B></B></P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>NEWS
RELEASE</B></FONT></P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B></B></FONT></P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B></B></FONT></P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>PRECISION
DRILLING ANNOUNCES CLOSING OF SENIOR NOTES OFFERING AND REDEMPTION OF 2020 SENIOR NOTES NOT TENDERED IN TENDER OFFER</B></FONT></P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font-size: 10pt; line-height: 107%; text-align: center; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT><BR></P>

<P STYLE="font-size: 10pt; line-height: 107%; margin: 0pt 0">Calgary, Alberta, Canada &ndash; November 22, 2017</P>

<P STYLE="font-size: 10pt; line-height: 107%; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0">Precision Drilling Corporation (&ldquo;Precision&rdquo;)
announced today the closing of its previously announced private offering of US$400 million aggregate principal amount of 7.125%
Senior Notes due 2026 (the &ldquo;Notes&rdquo;) in a transaction that was exempt from the registration requirements of the U.S.
Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;). The Notes were guaranteed on a senior unsecured basis by
current and future U.S. and Canadian subsidiaries of Precision that also guarantee Precision&rsquo;s revolving credit facility
and certain other future indebtedness. As previously announced, Precision will use the net proceeds from the offering, together
with cash on hand, to fund its previously announced tender offer (the &ldquo;Tender Offer&rdquo;) to repurchase any and all of
its US$372 million aggregate principal amount outstanding of Senior Notes due 2020 (the &ldquo;2020 Notes&rdquo;) and up to US$70
million aggregate principal amount of its Senior Notes due 2021, and to fund the redemption of any 2020 Notes not tendered during
the Tender Offer.</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0">Precision also announced today that it has
notified The Bank of New York Mellon, as trustee under the trust indenture relating to the 2020 Notes, that Precision will redeem
in cash any of its 2020 Notes, in accordance with the terms of the 2020 Notes, that are not tendered during the Tender Offer (which
expires at 12:00 am midnight New York City time at the end of the day on December 6, 2017). As previously announced by Precision,
the requisite majority of holders of 2020 Notes consented to amendments to the 2020 Notes that, among other things, reduce the
minimum notice period required in connection with redemption of the 2020 Notes from 30 days to 3 business days. The redemption
of the 2020 Notes not tendered to the Tender Offer will occur on December 7, 2017 and interest will cease to accrue on the redeemed
2020 Notes as of that date. The total redemption amount payable for each US$1,000 principal amount of the 2020 Notes will be US$1,011.04,
plus accrued and unpaid interest. After giving effect to Precision&rsquo;s partial principal paydown of US$250 million made to
holders of the 2020 Notes by Precision on December 4, 2016, in order to calculate the redemption amount to be actually received
with respect to the 2020 Notes, holders must multiply the redemption amount payable per US$1,000 principal amount by a factor of
0.597909.</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0"></P>

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<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0"></P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0"><U>Advisories</U>&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0">The Notes and the related guarantees were offered
only to qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities
Act, and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S
under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act, or the securities
laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable
exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.</P>

<P STYLE="font-size: 10pt; line-height: normal; text-align: justify; margin: 0pt 0">This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction.</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0"><U>About Precision</U></P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">Precision is a leading provider of safe and High
Performance, High Value services to the oil and gas industry. Precision provides customers with access to an extensive fleet of
contract drilling rigs, directional drilling services, well service and snubbing rigs, camps, rental equipment, and wastewater
treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel.</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">Precision is headquartered in Calgary, Alberta,
Canada. Precision is listed on the Toronto Stock Exchange under the trading symbol &ldquo;PD&rdquo; and on the New York Stock Exchange
under the trading symbol &ldquo;PDS&rdquo;.</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">For further information, please contact:</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">Carey Ford</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">Senior Vice President &amp; Chief Financial Officer</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">713.435.6247</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">Ashley Connolly, CFA</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">Manager, Investor Relations</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">403.716.4725</P>

<P STYLE="font-size: 10pt; line-height: 13pt; text-align: justify; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 13pt; margin: 0pt 0">Precision Drilling Corporation</P>

<P STYLE="font-size: 10pt; line-height: 13pt; margin: 0pt 0">Suite 800, 525 &ndash; 8th Avenue S.W.</P>

<P STYLE="font-size: 10pt; line-height: 13pt; margin: 0pt 0">Calgary, Alberta, Canada T2P 1G1</P>

<P STYLE="font-size: 10pt; line-height: 13pt; margin: 0pt 0">Website: www.precisiondrilling.com</P>

<P STYLE="font-size: 10pt; line-height: 13pt; margin: 0pt 0">&nbsp;</P>

<P STYLE="font-size: 10pt; line-height: 13pt; margin: 0pt 0"></P>

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<P STYLE="font-size: 10pt; line-height: 13pt; margin: 0pt 0">&nbsp;</P>



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</SEC-DOCUMENT>
