Ensco plc (NYSE:ESV) Files An 8-K Other Events

ME Staff 8-k
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Ensco plc (NYSE:ESV) Files An 8-K Other Events
Item 8.01 Other Events.

Notes Offering

On January10, 2018, Ensco plc (the “Company”) issued a press release announcing the commencement of an underwritten offering of senior unsecured notes due 2026. A copy of the press release is attached hereto as Exhibit99.1 to this Current Report on Form8-K and is incorporated herein by reference.

This current report is not an offer to sell or the solicitation of an offer to buy any securities issued in connection with the notes offering, nor shall there be any sale of the securities issued in such offering 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. Such securities are being offered only by means of a prospectus, including a prospectus supplement relating to such securities, meeting the requirements of Section10 of the U.S. Securities Act of 1933.

Tender Offers

On January10, 2018, the Company issued a press release announcing the commencement of offers to purchase for cash (collectively, the “Tender Offers” and, each offer to purchase a series of Notes (as defined below) individually, a “Tender Offer”) up to $492,500,000 aggregate purchase price (exclusive of accrued interest) of (i)the outstanding 8.50% Senior Notes due 2019 issued by Pride International,Inc., a wholly owned subsidiary of Ensco (“Pride”) (the “2019 Notes”), (ii)the outstanding 6.875% Senior Notes due 2020 issued by Pride (the “2020 Notes”) and (iii)the outstanding 4.70% Senior Notes due 2021 (the “2021 Notes”; the 2021 Notes, collectively with the 2019 Notes and 2020 Notes, the “Notes” and each series, a “series of Notes”). No more than $235,000,000 aggregate purchase price (exclusive of accrued interest) of the 2020 Notes and the 2021 Notes will be purchased in the Tender Offers. The terms and conditions of the Tender Offers are described in an Offer to Purchase dated January10, 2018. A copy of the press release is attached hereto as Exhibit99.2 to this Current Report on Form8-K and is incorporated herein by reference.

This current report is neither an offer to purchase nor a solicitation of an offer to sell any Notes in the Tender Offers.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits


Ensco plc Exhibit
EX-99.1 2 a18-2304_3ex99d1.htm EX-99.1 Exhibit 99.1   Ensco plc 6 Chesterfield Gardens London W1J 5BQ www.enscoplc.com   Press Release   Ensco Commences Offering of Senior Notes   LONDON — 10 JANUARY 2018 — Ensco plc (NYSE:ESV) announced today that it has commenced an underwritten offering of Senior Notes due 2026 (the “2026 Notes”).   Concurrent with the notes offering,…
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About Ensco plc (NYSE:ESV)

Ensco plc is an offshore contract drilling company. The Company provides offshore contract drilling services to the international oil and gas industry. The Company’s segments include Floaters, Jackups and Other. Its Floaters segment includes the Company’s drillships and semisubmersible rigs, and provides contract drilling. The Jackups segments provide contract drilling. The Other segment consists of management services on rigs owned by third parties. It owns and operates an offshore drilling rig fleet of over 60 rigs, including approximately four rigs under construction. Its rig fleet includes approximately 10 drill ships, over 10 semisubmersible rigs, approximately three moored semisubmersible rigs and over 40 jackup rigs. Of its approximately 70 rigs, approximately 30 are located in the Middle East, Africa and Asia Pacific, over 20 are located in North and South America (including Brazil), and approximately 20 are located in Europe and the Mediterranean.