Atwood Oceanics, Inc. Announces Pricing for Public Offering of Common Stock
October 13 2004 - 8:38PM
PR Newswire (US)
Atwood Oceanics, Inc. Announces Pricing for Public Offering of
Common Stock HOUSTON, Oct. 13 /PRNewswire-FirstCall/ -- Atwood
Oceanics, Inc. (NYSE:ATW) (Houston-based International Offshore
Drilling Contractor) announced today that it has priced an offering
of 2,175,000 shares of common stock, which is an increase from the
offering of 2,000,000 shares previously announced, pursuant to
effective shelf registration statements on Form S-3 (File Nos.
333-92388 and 333-117534) previously filed with the Securities and
Exchange Commission. Goldman, Sachs & Co. is acting as sole
book-runner and joint manager with Credit Suisse First Boston LLC.
Jefferies & Company, Inc., Raymond James & Associates, Inc.
and Stifel, Nicolaus & Company, Incorporated are serving as
co-managers. The offering includes 1,175,000 shares of common stock
to be sold by Atwood and 1,000,000 shares of common stock to be
sold by Helmerich & Payne International Drilling Co., as
selling stockholder. The underwriters have the option to purchase
up to 325,000 additional shares of common stock from Atwood. The
underwriting agreement provides that the shares of common stock
sold in the offering will be priced at $48.50 per share, less the
underwriters discount of $2.67 per share, for net proceeds before
expenses of $45.83 per share. Atwood intends to use the net
proceeds from the offering to repay a portion of the outstanding
indebtedness under its existing credit facility. Atwood will not
receive any proceeds from the sale of common stock by the selling
stockholder. A copy of the final prospectus supplement, preliminary
prospectus supplement and related base prospectus relating to this
offering may be obtained from Goldman, Sachs & Co.'s Prospectus
Department at 85 Broad Street, New York, New York, 10004, by
telephone at 212-902-1171 or by faxing a request to 212-902-9316.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made
only by means of the prospectus supplement and related base
prospectus. Statements contained in this release with respect to
the future are forward-looking statements. These statements reflect
management's reasonable judgment with respect to future events.
Forward-looking statements involve risks and uncertainties. Actual
results could differ materially from those anticipated as a result
of various factors: the Company's dependence on the oil and gas
industry; the risks involved in upgrade to and repair of the
Company's rigs; competition; operating risks; risks involved in
foreign operations; risks associated with possible disruptions in
operations due to terrorism; and governmental regulations and
environmental matters. A list of additional risk factors can be
found in the Company's Annual Report on Form 10-K, as amended, for
the year ended September 30, 2003, the final prospectus supplement,
preliminary prospectus supplement, and base prospectus, as filed
with the Securities and Exchange Commission. 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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