Atwood Oceanics, Inc. Announces Public Offering of Common Stock
January 09 2017 - 4:03PM
Houston, January 9, 2017 - Atwood
Oceanics, Inc. (NYSE:ATW) ("Atwood" or the "Company") today
announced that it has commenced an underwritten public offering of
13,500,000 shares of common stock. Atwood expects to grant the
underwriters a 30-day option to purchase up to 2,025,000 additional
shares of common stock. Atwood expects to use the net proceeds from
the offering for general corporate purposes, which may include the
repayment of borrowings under its credit facility, the funding of
future purchases of its outstanding 6.50% Senior Notes due 2020,
working capital and capital expenditures, and otherwise to enhance
its liquidity.
Goldman, Sachs & Co. is acting
as book-running manager for the offering. The offering is being
made pursuant to an effective shelf registration statement on Form
S-3 (Registration No. 333-209647) filed by Atwood with the
Securities and Exchange Commission ("SEC") and only by means of a
prospectus supplement and accompanying prospectus. When available,
copies of the preliminary prospectus supplement, prospectus
supplement and the accompanying base prospectus related to the
offering may be obtained for free by visiting EDGAR on the SEC's
website at www.sec.gov or by contacting
Goldman, Sachs & Co., Attention: Prospectus Department, 200
West Street, New York, New York 10282, or by telephone at (866)
471-2526, facsimile at (212) 902-9316, or email:
prospectus-ny@ny.email.gs.com.
This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of, or any solicitation of an offer to
buy, these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
Atwood Oceanics, Inc. is a leading
offshore drilling company engaged in the drilling and completion of
exploration and developmental wells for the global oil and gas
industry. The Company currently owns 10 mobile offshore drilling
units and is constructing two ultra-deepwater drillships. The
Company was founded in 1968 and is headquartered in Houston, Texas.
Atwood Oceanics, Inc. common stock is traded on the New York Stock
Exchange under the symbol "ATW."
Contact: Mark W. Smith
Senior Vice President and CFO
(281) 749-7840
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Atwood Oceanics, Inc. via Globenewswire
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