Atwood Oceanics, Inc. Announces Pricing of Public Offering of Common Stock
January 10 2017 - 9:06AM
Houston, January 10, 2017 - Atwood
Oceanics, Inc. (NYSE: ATW) ("Atwood" or the "Company") today
announced that it has priced an underwritten public offering of
13,500,000 shares of its common stock at a price to the public of
$12.20 per share. The Company has also granted the underwriters a
30-day option to purchase up to 2,025,000 additional shares of
common stock. The offering is expected to close on January
13, 2017, subject to customary closing conditions. The Company
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 lead book-running manager, and Barclays Capital Inc., Credit
Suisse Securities (USA) LLC and Wells Fargo Securities, LLC are
acting as joint book-running managers 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.
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
Telephone: (866) 471-2526
Facsimile: (212) 902-9316
E-mail: prospectus-ny@ny.email.gs.com
|
Barclays Capital
Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: (888) 603-5847
|
Credit Suisse
Securities (USA) LLC
Attention: Prospectus Department
One Madison Avenue,
New York, NY 10010
Telephone: (800) 221-1037
E-mail: newyork.prospectus@credit-suisse.com
|
Wells Fargo
Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, New York 10152
Telephone: (800) 326-5897
E-mail: cmclientsupport@wellsfargo.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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