Atwood Oceanics Prices Public Debt Offering
Atwood Oceanics, Inc. (NYSE: ATW) 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.
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