Atwood Oceanics plans to redeem all 6˝% notes due 2020

By Wendy Van Sickle

Columbus, Ohio, Sept. 6 – Atwood Oceanics, Inc. issued a conditional redemption notice for its 6˝% senior notes due 2020, according to a company news release.

The company plans to redeem the notes at 101.625 plus accrued interest to, but excluding, the redemption date.

The redemption is conditioned upon completion of Atwood’s previously announced merger with Ensco plc.

The redemption date will be Oct. 6 if the redemption condition has been met or waived by that date or whatever day after that, but no later than Nov. 5, on which the condition has been met or waived.

Bank of New York Mellon is the paying agent.

Atwood is an offshore drilling company based in Houston.

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