Union Drilling Announces Signing of $125 Million Revolving Credit Facility (UDRL)

Union Drilling, Inc. UDRL announced today that it has entered into an Amended and Restated Revolving Credit and Security Agreement dated April 27, 2011 with PNC Bank National Association and other lenders (the Credit Agreement).   Chris Strong, Union Drilling's President and Chief Executive Officer, stated, "We are pleased to have closed on this expanded facility and with the new lender relationships which further diversify our lending group.  This facility provides us with greater financial flexibility to take advantage of opportunistic rig acquisitions."