Atwood Oceanics, Inc. Announces Offering of Additional 6.50% Senior Notes Due 2020

Jun 18, 2013, 11:04 ET from Atwood Oceanics, Inc.

HOUSTON, June 18, 2013 /PRNewswire/ -- Atwood Oceanics, Inc. (NYSE: ATW) (the "Company") today announced that it intends to offer, subject to market and other conditions, additional 6.50% Senior Notes due 2020. The notes will be an additional issuance of the Company's outstanding 6.50% Senior Notes due 2020, which it issued in January 2012 in an aggregate principal amount of $450 million. The Company intends to use the net proceeds from the offering for general corporate purposes, including to fund its newbuild program. Pending ultimate use, the Company may use net proceeds to reduce outstanding borrowings under its senior secured revolving credit facility.

In connection with the notes offering, Barclays Capital Inc., Wells Fargo Securities, LLC, Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co. and DNB Markets, Inc. are acting as joint book-running managers. When available, copies of the prospectus may be obtained from:

Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Phone: (888) 603-5847


Wells Fargo Securities, LLC

Attn: Client Support

550 South Tryon Street

7th Floor MAC D1086-070

Charlotte, NC 28202

Phone: (800) 326-5897


Credit Suisse Securities (USA) LLC

Attn: Prospectus Department

One Madison Avenue, 1B

New York, NY 1001

Phone: (212) 325-2000 


DNB Markets, Inc.

Attn: Investor Support

220 Park Avenue, 31st Floor

New York, NY 10166

Phone: (212) 681-3800


Goldman, Sachs & Co.

Prospectus Department

200 West Street

New York, NY 10282

Telephone: 1-866-471-2526


Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The Company currently owns 13 mobile offshore drilling units located in the U.S. Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore Southeast Asia and offshore Australia, and is constructing three ultra-deepwater drillships.  

The senior notes will be offered pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on March 7, 2013. This press release is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering of these securities will be made only by means of a prospectus.

SOURCE Atwood Oceanics, Inc.