Ensco plc (NASDAQ:ESV) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
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Item 2.03 Creation of a Direct Financial Obligation
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Item 9.01 Financial Statements and Exhibits
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EXHIBIT INDEX
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Fourth Amendment to the Fourth Amended and Restated Credit
Agreement, dated as of December 15, 2016, by and among Ensco plc, and Pride International, Inc., the lenders named therein, and Citibank, N.A., as Administrative Agent |
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Item 1.01
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Entry into a Material Definitive Agreement
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On December 15, 2016, Ensco plc (the Company) and Pride
International, Inc., a wholly owned subsidiary of the Company,
entered into the Fourth Amendment (the Amendment) to its Fourth
Amended and Restated Credit Agreement, dated as of May 7, 2013
(as amended, the Revolving Credit Facility). The Amendment
will, among other things, (i) permit the incurrence of
indebtedness in connection with the issuance of $849,500,000
aggregate principal amount of 3.00% Exchangeable Senior Notes
due 2024 issued by Ensco Jersey Finance Limited, a wholly owned
subsidiary of the Company (Ensco Jersey), which notes are
guaranteed by the Company, without the utilization of certain
debt covenant basket capacity under the Revolving Credit
Facility and (ii) provide that the obligations under the
Revolving Credit Facility will be fully and unconditionally
guaranteed by Ensco Jersey. All other terms of the Revolving
Credit Facility remain unchanged.
International, Inc., a wholly owned subsidiary of the Company,
entered into the Fourth Amendment (the Amendment) to its Fourth
Amended and Restated Credit Agreement, dated as of May 7, 2013
(as amended, the Revolving Credit Facility). The Amendment
will, among other things, (i) permit the incurrence of
indebtedness in connection with the issuance of $849,500,000
aggregate principal amount of 3.00% Exchangeable Senior Notes
due 2024 issued by Ensco Jersey Finance Limited, a wholly owned
subsidiary of the Company (Ensco Jersey), which notes are
guaranteed by the Company, without the utilization of certain
debt covenant basket capacity under the Revolving Credit
Facility and (ii) provide that the obligations under the
Revolving Credit Facility will be fully and unconditionally
guaranteed by Ensco Jersey. All other terms of the Revolving
Credit Facility remain unchanged.
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Item 2.03
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Creation of a Direct Financial Obligation
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The information set forth in Item 1.01 of this report is
incorporated by reference into this Item 2.03.
incorporated by reference into this Item 2.03.
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Item 9.01
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Financial Statements and Exhibits
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(d) Exhibits
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Exhibit No.
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Description
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10.1
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Fourth Amendment to the Fourth Amended and Restated
Credit Agreement, dated as of December 15, 2016, by and among Ensco plc, and Pride International, Inc., the lenders named therein, and Citibank, N.A., as Administrative Agent |
About Ensco plc (NASDAQ:ESV)
