ATW Atwood Oceanics, Inc. (delisted)

Atwood Oceanics Announces Third Amendment to Credit Facility HOUSTON, Nov. 13 /PRNewswire-FirstCall/ -- Atwood Oceanics, Inc., , (Houston-based International Drilling Contractor), announced today that it has executed a third amendment to its $250 million Senior Secured Credit Facility. This amendment redefines the calculation of the covenant requirement of the ratio of debt to earnings before interest, income taxes and depreciation and increases the allowed ratio limits for the quarters ending December 31, 2003, March 31, 2004 and June 30, 2004. The current redefined allowed ratio limits of debt to earnings, before interest, income taxes and depreciation is 5.75 at September 30, 2003, 6.25 at December 31, 2003, 5.50 at March 31, 2004 and June 30, 2004, 4.00 at September 30, 2004 and 3.00 thereafter. The Company is currently in compliance with all financial covenants. DATASOURCE: Atwood Oceanics, Inc. CONTACT: Jim Holland of Atwood Oceanics, Inc., +1-281-749-7804 Web site: http://www.atwd.com/

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