S&P Downgrades Rowan Cos. (RDC) to 'B+'; Outlook is Stable
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Rowan Announces Cash Tender Offers
December 5, 2016 7:41 AM ESTHOUSTON, Dec. 5, 2016 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) today announced that Rowan Companies, Inc., a Delaware corporation and indirect, wholly owned subsidiary of the Company ("RCI"), has launched offers to purchase for cash (collectively, the "Tender Offers" and each a "Tender Offer") its outstanding senior notes listed in the table below (collectively, the "Notes"), upon the terms and conditions described in RCI's Offer to Purchase dated December 5, 2016 (the "Offer to... More
Rowan Announces Public Offering of $400 Million of Senior Notes
December 5, 2016 7:40 AM ESTHOUSTON, Dec. 5, 2016 /PRNewswire/ --Â Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today the launch of an underwritten public offering of $400 million in aggregate principal amount of senior unsecured notes due 2025 (the "Notes"). The Notes will be the senior, unsecured obligations of Rowan Companies, Inc., a Delaware corporation and indirect, wholly owned subsidiary of the Company ("RCI"). The Notes will be fully and unconditionally guaranteed, on a senior, unsecured basis, by the Company.
The Company intends to use the net proceeds of the offering, together with... More
