HOUSTON, Jan. 12, 2012 /PRNewswire/ -- Atwood
Oceanics, Inc. (NYSE: ATW) (the "Company") today announced that it
has priced its public offering of $450 million aggregate principal
amount of 6.50% senior notes due 2020. The public offering
price was 100.0% of the principal amount of the notes. The
offering is expected to close on January 18,
2012, subject to the satisfaction of customary closing
conditions. The Company intends to use the net proceeds from
the offering to reduce outstanding borrowings under its senior
secured revolving credit facility.
In connection with the notes offering, Credit Suisse Securities
(USA) LLC, Barclays Capital Inc.
and Wells Fargo Securities, LLC acted as joint book-running
managers. Copies of the prospectus, when available, may be
obtained from:
Credit
Suisse Securities (USA) LLC
Attn:
Prospectus Department
One
Madison Avenue, 1B
New York,
NY 1001
Phone:
(212) 325-2000
Email:
pamela.burnham@credit-suisse.com
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Barclays
Capital Inc.
c/o
Broadridge Financial Solutions
1155 Long
Island Avenue
Edgewood,
NY 11717
Phone:
(888) 603-5847
Email:
Barclaysprospectus@broadridge.com
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Wells
Fargo Securities, LLC
Attn: Client Support
550 South
Tryon Street
7th Floor MAC D1086-070
Charlotte, NC 28202
Phone: (800) 326-5897
Email: cmclientsupport@wellsfargo.com
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Atwood Oceanics, Inc. is an international offshore drilling
contractor engaged in the drilling and completion of exploratory
and developmental oil and natural gas wells. The Company currently
owns ten mobile offshore drilling units located in Australia, Southeast
Asia, West Africa, the
Mediterranean Sea, South America
and the U.S. Gulf of Mexico, and
is constructing an ultra-deepwater semisubmersible, two
ultra-deepwater drillships and three high-specification
jackups.
The senior notes are being offered pursuant to an effective
shelf registration statement on Form S-3 filed with the Securities
and Exchange Commission on January 9,
2012. This press release is neither an offer to sell nor a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any 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 of these securities will be
made only by means of a prospectus.
SOURCE Atwood Oceanics, Inc.