Article: United States : Atwood Oceanics Enters into New Credit Agreement.

Byline: pinto03

Atwood Oceanics announced today that it, as guarantor, and its wholly-owned subsidiary, Atwood Oceanics Pacific Limited, entered into a new additional credit agreement with several banks with Nordea Bank Finland plc, New York Branch as Administrative Agent for the lenders, Lead Arranger and Bank Runner.

The credit agreement provides for a 5-year $280,000,000 reducing revolving loan facility, with maturity in November 2013. The commitment under this new additional credit agreement may be increased by up to $20,000,000 for a total commitment of $300,000,000. Loans under this ...

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