ADVFN - Advanced Financial Network.
HOME» NYSE » E » ESV Stock Price » ESV Stock News

Ensco Share News

 Ensco International Inc. Stock Price
ESV Stock Price
 Ensco International Inc. Stock Chart
ESV Stock Chart
 Ensco International Inc. Stock News
ESV Stock News
 Ensco International Inc. Company Information
ESV Company Information
 Ensco International Inc. Stock Trades
ESV Stock Trades

Ensco PLC Selling 5-, 10-Year Bonds To Help Fund Pride International Merger

By Katy Burne Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Offshore drilling services company Ensco Plc (ESV) is selling five- and 10-year senior unsecured bonds to help fund its merger with Pride International Inc. (PDE). That cash and stock transaction--announced Feb. 7--is expected to create the world's second largest offshore driller, with an enterprise value of $16 billion. Under the deal, Pride shareholders will get newly issued Ensco shares plus $15.60 in cash for each share of Pride common stock. The Ensco bonds are expected to be rated Baa1 by Moody's Investors Service and BBB+ by Standard & Poor's, and proceeds from the sale will fund the cash portion of the merger. The company has not said how big the bond sale will be, but a benchmark deal typically means at least $500 million will be sold. Holders of the notes will be able to sell them back to Ensco at 101% of their face value if the merger is terminated within six months of the issue date, or 102% of par if the merger is not consummated by Feb. 3, 2012 or is terminated within six months. Leading the sale are Citigroup, Deutsche Bank, Wells Fargo Securities. -By Katy Burne, Dow Jones Newswires; 212-416-3084; [email protected]

Stock News for Ensco (ESV)
DateTimeHeadline
01/11/201716:52:00Ensco Files 8K - Other Events
01/11/201716:23:32Current Report Filing (8-k)
01/05/201708:19:00Ensco Announces Final Results for Private Offers to Exchange...
12/20/201608:24:00Ensco plc Announces Early Participation Results, Extension of...
12/16/201617:01:00Ensco Files 8K - Entry Into Definitive Agreement
12/16/201617:01:00Ensco Files 8K - Direct Or Off-Balance Sheet Financial Obligation
12/16/201616:32:12Current Report Filing (8-k)
12/13/201618:06:45Statement of Changes in Beneficial Ownership (4)
12/12/201617:27:00Ensco Files 8K - Entry Into Definitive Agreement
12/12/201617:27:00Ensco Files 8K - Direct Or Off-Balance Sheet Financial Obligation
12/12/201617:27:00Ensco Files 8K - Other Events
12/12/201617:27:00Ensco Files 8K - Unregistered Equity Sales
12/12/201616:58:55Current Report Filing (8-k)
12/06/201622:24:00Ensco Announces Pricing of Upsized Private Placement of $750...
12/06/201618:02:46Statement of Changes in Beneficial Ownership (4)
12/06/201616:39:00Ensco Files 8K - Regulation FD
12/06/201616:10:11Current Report Filing (8-k)
12/06/201616:06:00Ensco Announces Commencement of Private Placement of $650 Million...
12/06/201616:05:00Ensco plc Announces Private Offers to Exchange Outstanding Senior...
11/22/201617:41:48Statement of Changes in Beneficial Ownership (4)

Ensco and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US