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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: articwarrior who wrote (43875)	5/4/1999 11:15:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<Can you get any info on how the KEG refinancing is going?>> You mean the 55 million share equity offering and $10 million placement announced today? I'm assuming that is accounting for the volume. I haven't followed KEG closely since last year. FBR Prices 55 Million Shares of Key Energy at $3.00 WASHINGTON, May 4 /PRNewswire/ -- The following is being issued by Friedman, Billings, Ramsey & Co., Inc., a member of the National Association of Securities Dealers, Inc., CRD# 25027: Friedman Billings Ramsey Group (NYSE: FBG) today announced that its principal broker-dealer subsidiary Friedman, Billings, Ramsey & Co., Inc. (FBR) priced 55 million shares at $3.00 in a secondary offering for Key Energy Services, Inc. (NYSE: KEG). In a concurrent offering, the Company agreed to place $10 million of common stock with a private group of investors at a price equal to that paid by FBR. SOURCE Friedman Billings Ramsey Group