Ensco plc (NYSE: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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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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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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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 (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. Ensco plc (NYSE:ESV) Recent Trading Information
Ensco plc (NYSE:ESV) closed its last trading session up +0.02 at 10.44 with 6,356,422 shares trading hands.