Ensco prices $1.25 billion offering of senior notes

Ensco plc

Ensco plc (NYSE: ESV) has priced an underwritten offering of $1.25 billion principal amount of senior unsecured notes consisting of two series: $625 million principal amount of 4.50% senior unsecured notes due 2024 priced at 99.864% of par, and $625 million principal amount of 5.75% senior unsecured notes due 2044 priced at 99.560% of par.

Ensco intends to use the net proceeds from the offering for general corporate purposes, which may include payments with respect to its seven rigs under construction and other capital expenditures. The expected settlement date for the offering is Sept. 29.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., DNB Markets Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Inc., and Wells Fargo Securities LLC are acting as joint book-running managers in connection with the offering.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...