Rowan Companies, Inc. Announces Proposed Senior Notes Offering
July 15 2009 - 8:52AM
PR Newswire (US)
HOUSTON, July 15 /PRNewswire-FirstCall/ -- Rowan Companies, Inc.
(NYSE: RDC) today announced that it intends to offer, subject to
market and other conditions, $375 million of senior unsecured notes
through a registered public offering. The notes will bear interest
at a fixed rate and will mature in 2019. (Logo:
http://www.newscom.com/cgi-bin/prnh/20081031/DA43093LOGO) The notes
offering and sale will be made under a shelf registration statement
on Form S-3 filed with the Securities and Exchange Commission on
July 15, 2009. The proceeds from the notes offering will be used
for general corporate purposes. In connection with the notes
offering, Barclays Capital Inc., Goldman, Sachs & Co.,
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and
Wells Fargo Securities, LLC are acting as joint book-running
managers. This press release does not constitute an offer to sell
or a solicitation of an offer to buy the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering of
these securities will be made only by means of a prospectus and
related prospectus supplement. Copies of the prospectus and
preliminary prospectus supplement in respect of any of these
securities may be obtained from Barclays Capital Inc., c/o
Broadridge Integrated Distribution Services, 1155 Long Island
Avenue, Edgewood, NY 11717, Telephone: 1-888-603-5847 or by
e-mailing ; Goldman, Sachs & Co., Attn: Prospectus Department,
85 Broad Street, New York, NY 10004, Telephone: 1-866-471-2526,
Facsimile: 212-902-9316, or by emailing ; Citigroup Global Markets
Inc., Prospectus Department, Brooklyn Army Terminal, 140 58th
Street, 8th Floor, Brooklyn, NY 11220, Telephone: 1-877-858-5407 by
e-mailing ; Deutsche Bank Securities Inc., 100 Plaza One, Second
Floor, Jersey City, NJ 07311, Telephone: 1-800-503-4611; and Wells
Fargo Securities, LLC, Attn: Syndicate Operations, 1525 West W.T.
Harris Boulevard, Charlotte, North Carolina 28262-0675, Telephone:
1-800-326-5897 or by e-mailing . Rowan Companies, Inc. is a
worldwide provider of contract drilling services utilizing a fleet
of 22 high-spec offshore jack-up rigs and 32 deep-well land
drilling rigs. The Company also owns and operates a manufacturing
division that produces equipment for the drilling, mining and
timber industries. The press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such statements are subject to a number of risks, uncertainties and
assumptions, including the factors described in Rowan Companies,
Inc.'s most recent periodic reports and other documents filed with
the Securities and Exchange Commission, which are available free of
charge at the SEC's Web site at http://www.sec.gov/. Rowan
Companies, Inc. cautions you that forward-looking statements are
not guarantees of future performance and that actual results or
developments may differ materially from those projected or implied
in these statements. There can be no assurance that the
transactions contemplated in this press release will be completed.
Rowan Companies, Inc. assumes no obligation to update any
forward-looking statement to reflect events or circumstances
arising after the date on which it was made.
http://www.newscom.com/cgi-bin/prnh/20081031/DA43093LOGO
http://photoarchive.ap.org/ DATASOURCE: Rowan Companies, Inc.
CONTACT: Suzanne M. McLeod, Director of Investor Relations of Rowan
Companies, Inc., +1-713-960-7517,
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