Newpark Resources Inc. - 2010-09-29

Priced a registered public offering of $150 million aggregate principal amount of 4% convertible senior notes due 2017. In addition, the company granted the underwriters the right to purchase within a 30-day period up to an additional $22.5 million aggregate principal amount of notes, solely to cover over-allotments. Net proceeds are expected to be approximately $145 million, and approximately $104 million of the net proceeds will be used to pay existing indebtedness outstanding under its revolving and term loan credit facility; the remaining net proceeds will be used for general corporate purposes. J.P. Morgan Securities LLC is sole book-running manager.