Rowan Companies plc (NYSE:RDC) Files An 8-K Other EventsItem 8.01 Other Events
On January 9, 2017, Rowan Companies, Inc. (the “Company”) called for redemption all $92,108,000 aggregate principal amount of its 5.00% Senior Notes due 2017 (the “2017 Notes”) that remain outstanding. The redemption will be effected on February 8, 2017 at a redemption price which will be calculated to the formula set forth in the Second Supplemental Indenture between the Company and U.S. Bank National Association, as trustee, relating to the 2017 Notes.
The information contained in this report shall not constitute a notice of redemption of the 2017 Notes. The redemption is being made solely to a formal notice of redemption dated January 9, 2017, which is being delivered to the holders of the 2017 Notes.
About Rowan Companies plc (NYSE:RDC)
Rowan Companies plc is a provider of offshore contract drilling services to the international oil and gas industry. The Company operates through two segments: deepwater and jack-ups. Its deepwater segment consists of drillship operations. Its fleet consists of approximately 30 mobile offshore drilling units, including self-elevating jack-up rigs and ultra-deepwater drillships. Its drilling fleet consists of approximately four ultra-deepwater drillships; 20 high-specification cantilever jack-up rigs, including three N-Class rigs, four EXL class rigs, three 240C class rigs, four enhanced Super Gorilla class rigs, one Gorilla class rig, and four Tarzan Class rigs, and eight cantilever jack-up rigs, including two Gorilla class rigs and six 116-C class rigs. The Company’s fleet operates across the world, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East and Trinidad. Rowan Companies plc (NYSE:RDC) Recent Trading Information
Rowan Companies plc (NYSE:RDC) closed its last trading session down -0.66 at 19.15 with 2,545,399 shares trading hands.