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Article: ENSCO International Incorporated Offers $300M Senior Unsecured Debt
- Article from:
- PR Newswire
- Article date:
- November 14, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, Nov. 14 /PRNewswire/ -- ENSCO International Incorporated (NYSE: ESV) announced today that it proposes to offer $150 million of senior unsecured notes and $150 million of senior unsecured debentures, due in 2007 and 2027, respectively. ENSCO will use the proceeds of the offering to retire its existing secured revolving credit facility, purchase an additional jackup rig (the West Omikron), and for general corporate purposes.
The notes and debentures will be issued under a shelf registration statement covering an aggregate of $500 million of securities, which has been filed with and declared effective by the Securities and Exchange Commission. The ...