Atwood Oceanics has priced its public offering of $450 million aggregate principal amount of 6.50 percent senior notes due 2020. The public offering price was 100.0 percent of the principal amount of the notes. The offering is expected to close on January 18, 2012, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering to reduce outstanding borrowings under its senior secured revolving credit facility.
In connection with the notes offering, Credit Suisse Securities (USA) LLC, Barclays Capital Inc. and Wells Fargo Securities, LLC acted as joint book-running managers.
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