Newpark Resources Inc – ‘8-K’ for 11/20/97 – EX-20

As of:  Friday, 11/28/97   ·   For:  11/20/97   ·   Accession #:  899243-97-2307   ·   File #:  1-02960

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2      9K 
 2: EX-20       Press Release                                          1      7K 

EX-20   —   Press Release

EX-20
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[NEWPARK RESOURCES, INC. LETTERHEAD APPEARS HERE]                               

NEWPARK RESOURCES ANNOUNCES PRIVATE DEBT OFFERING               

METAIRIE, LA, November 20, 1997...Newpark Resources, Inc. (NYSE: NR) today      
announced that it intends to make a private offering of $125 million of Senior  
Subordinated Notes due 2007 to qualified institutional buyers and non-U.S.      
persons.                                                                        

Proceeds from the offering will be used to repay all of the Company's           
outstanding bank indebtedness, to fund capital expenditures, and for general    
corporate purposes, including working capital.                                  

The Senior Subordinated Notes to be issued by Newpark Resources, Inc. have not  
been registered under the Securities Act of 1933, as amended, and may not be    
offered or sold in the United States absent such registration or an applicable  
exemption from the registration requirements.                                   

Newpark Resources, Inc. provides integrated fluids management, environmental and
oilfield services to the oil and gas exploration and production industry.       

This press release shall not constitute an offer to sell or the solicitation of 
an offer to buy, nor shall there be any sale of the Senior Subordinated Notes   
referenced above 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.                                                  

For further information contact:                                                

Company                                 New York                
-------                                 --------                

Matthes W. Hardey                               Ron Hengen                      
Vice President of Finance                       R.F. Hengen, Inc.               
Newpark Resources, Inc.                         253 Southgate Road              
3850 N. Causeway, Suite 1770                    Murray Hill, New Jersey 07974   
Metairie, Louisiana  70002                      (908) 508-9000                  
(504) 838-8222                                                                  

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		11/28/97		None on these Dates
For Period End:		11/20/97
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