Ensco plc Extends Exchange Offer for 8.00% Senior Notes due 2024
March 14 2017 - 7:58PM
Business Wire
Ensco plc (NYSE:ESV) announced today that it has extended the
expiration date for its previously announced offer to exchange any
and all of its $332,048,000 outstanding principal amount of 8.00%
Senior Notes due 2024 for an equal amount of new 8.00% Senior Notes
due 2024 that have been registered under the Securities Act of
1933, as amended. This registered exchange offer, which was
initially scheduled to expire at 5:00 p.m., New York City time, on
March 14, 2017, has been extended until 5:00 p.m., New York City
time, on March 21, 2017. All other terms of the exchange offer, as
described in the prospectus dated February 13, 2017, remain
unchanged. As of March 14, 2017, holders of 98.14% of the
outstanding principal amount of the 8.00% Senior Notes due 2024 had
tendered their notes for exchange.
The terms of the new notes issued in the exchange will be
identical in all material respects to the terms of the outstanding
notes, except that the transfer restrictions applicable to the
outstanding notes will not apply. Holders that do not exchange
their outstanding notes will continue to be subject to the existing
restrictions on transfer and will not be permitted to offer or sell
the outstanding notes except under an exemption from applicable
securities laws.
The terms of the exchange offer are set forth in a prospectus
dated February 13, 2017. Documents related to the offers, including
the prospectus and the associated letter of transmittal, have been
filed with the Securities and Exchange Commission and may be
obtained from the exchange agent, Deutsche Bank Trust Company
Americas, at the following address:
DB Services Americas, Inc.Trust and Security ServicesAttention:
Reorg Department5022 Gate Parkway, Suite 200Jacksonville, FL
32256
This press release shall not constitute an offer to exchange nor
a solicitation of an offer to exchange the outstanding notes. The
exchange offer is being made only by the prospectus dated February
13, 2017 and only to such persons and in such jurisdictions as is
permitted under applicable law.
Ensco is a global provider of offshore drilling services to the
petroleum industry. Ensco plc is an English limited company
(England No. 7023598) with its corporate headquarters located at 6
Chesterfield Gardens, 3rd Floor, London, United Kingdom W1J
5BQ.
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version on businesswire.com: http://www.businesswire.com/news/home/20170314006526/en/
Ensco plcInvestor & Media Contact:Nick Georgas,
713-430-4607Director - Investor Relations and Communications
Ensco (NYSE:ESV)
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