Credit & Debt Summary

Ensco is assigned an investment grade credit rating by the following rating agencies:

Moody's

Baa1 Stable Outlook

Standard & Poor's

BBB+ Stable Outlook

Debt Summary

Bank Revolving Credit Facility

Description: Amended & Restated Committed Unsecured Revolving Credit Facility
Commitments: $2.25 billion, with uncommitted $500 million accordion option to increase to up to $2.75 billion
Availability: $2.25 billion
Interest Rate: Base Rate or LIBOR plus an Applicable Margin (currently 0.125% per annum for Base Rate advances and 1.125% per annum for LlBOR advances)
Original Tenor: 5 Years 
Maturity Date: September 2019, with an option to extend by one year on up to two occasions, subject on each occasion to receipt of extension commitments from lenders of at least 50% of the aggregate amount of commitments outstanding prior to the extension.


Long-Term Debt

During July 2015, we redeemed the remaining $14.3 million aggregate principal amount of our MARAD obligations.


Date Issued

Par Outstanding

($ in millions)

Interest Rate

Maturity Date

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
4.500% Senior Notes due 2024 29-Sep-14 $   625.0 4.500% fixed  1-Oct-24
5.200% Senior Notes due 2025  12-Mar-15 $   700.0 5.200% fixed  15-Mar-25
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
5.750% Senior Notes due 2044 29-Sep-14 $1,025.0 5.750% fixed  1-Oct-44