Marine Link
Wednesday, April 24, 2024

Ensco Prices $1.25-Billion Senior Notes Offering

Maritime Activity Reports, Inc.

September 25, 2014

UK based provider of offshore drilling services, Ensco plc, says that it has priced an underwritten offering of $1.25 billion principal amount of senior unsecured notes consisting of two series as follows:

•    $625 million principal amount of 4.50% senior unsecured notes due 2024 priced at 99.864% of par
•    $625 million principal amount of 5.75% senior unsecured notes due 2044 priced at 99.560% of par

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., DNB Markets, Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC are acting as joint book-running managers in connection with the offering.

The final prospectus supplement and related prospectus for this offering may be obtained on the Securities and Exchange Commission’s website at www.sec.gov or from underwriter representatives.
 

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week