Ensco has received investment-grade credit ratings from the following rating agencies:
|
Moody's
|
Baa1 Stable Outlook |
|
Standard & Poor's
|
BBB+ Stable Outlook |
Debt Summary
Bank Revolving Credit Facility
Ensco amended and restated our unsecured 5-year revolving credit facility with a syndicate of lenders in May 2013
| Description: |
Amended & Restated Committed Unsecured Revolving Credit Facility |
| Commitments: |
$2.0 billion, with uncommitted $500 million accordion option to increase to up to $2.5 billion |
| Availability: |
$2.0 billion |
| Interest Rate: |
LIBOR plus an Applicable Margin (currently 1.125% per annum) |
| Original Tenor: |
5 Years |
| Maturity Date: |
May 2018, with an option to extend by one year on up to two occasions |
Long-Term Debt
As of 31 March 2013
|
Date Issued
|
Par Outstanding ($ in millions)
|
Interest Rate
|
Maturity Date
|
| 3.250% Senior Notes due 2016* |
17-Mar-11 |
$1,000.0
|
3.250% fixed |
15-Mar-16 |
| 8.500% Senior Notes due 2019* |
02-Jun-09 |
$ 500.0
|
8.500% fixed |
15-Jun-19 |
| 6.875% Senior Notes due 2020* |
06-Aug-10 |
$ 900.0
|
6.875% fixed |
15-Aug-20 |
| 4.700% Senior Notes due 2021* |
17-Mar-11 |
$1,500.0
|
4.700% fixed |
15-Mar-21 |
| 7.200% Debentures due 2027* |
25-Nov-97 |
$ 150.0
|
7.200% fixed |
15-Nov-27 |
| 7.875% Senior Notes due 2040* |
06-Aug-10 |
$ 300.0
|
7.875% fixed |
15-Aug-40 |
| 6.360% MARAD Bonds due 2015** |
25-Jan-01 |
$ 38.0
|
6.360% fixed |
01-Dec-15 |
| 4.240% MARAD Bonds due 2016** |
26-Sep-03 |
$ 42.8
|
4.240% fixed |
15-Jan-16 |
| 4.390% MARAD Bonds due 2016** |
23-Oct-03 |
$ 49.7
|
4.390% fixed |
15-Apr-16 |
| 4.620% MARAD Bonds due 2016** |
06-May-04 |
$ 6.4
|
4.620% fixed |
15-Apr-16 |
| 4.650% MARAD Bonds due 2020** |
08-Oct-03 |
$ 36.0
|
4.650% fixed |
15-Oct-20 |
* Unsecured
** Secured debt guaranteed by the U.S. Dept. of Transportation, Maritime Administration. These bonds have semi-annual amortization payments and are secured by certain drilling rigs.