$ATW (Atwood Oceanics, Inc.)

$ATW {{ '2015-12-18T15:46:40+0000' | timeago}} • Announcement

$ATW said that its subsidiaries have agreed with Daewoo Shipbuilding & Marine Engineering Co. to delay the Company's requirement to take delivery of two newbuild ultra-deepwater drillships and milestone payment schedules of Atwood Admiral and the Atwood Archer, to Sept. 30, 2017 and June 30, 2018, respectively.

$ESV {{ '2017-06-30T10:51:13+0000' | timeago}} • Announcement

$ESV and $ATW received notice from the Department of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976. This is with respect to the proposed merger pursuant to which $ESV will buy $ATW in a stock transaction.

$ESV {{ '2017-05-30T12:31:38+0000' | timeago}} • Announcement

$ESV will acquire $ATW in an all-stock transaction. Under terms of merger agreement, Atwood shareholders will receive 1.60 shares of Ensco for each share of Atwood stock for $10.72 per share based on Ensco’s closing share price of $6.70 on 26 May 2017. Ensco expects to realize annual pre-tax expense synergies of $65MM for FY19 and beyond.

$ATW {{ '2017-05-08T21:09:57+0000' | timeago}} • Announcement

During 2Q17, $ATW repurchased $13.5MM principal of its senior notes at an aggregate cost of $5.1MM. Due to the 62.2% discount in repurchases, Atwood Oceanics recognized a gain on debt retirement, net of the related debt issuance costs, of $8.4MM for the quarter.

$ATW {{ '2017-05-08T21:05:33+0000' | timeago}} • Announcement

Total revenue of $ATW slid to $167.7MM in 2Q17 from $296.4MM, with the offshore driller posting a net loss of $28.9MM from last year's net income of $122.4MM. Losses were $0.37 per diluted share from a profit of $1.89 a share, as Atwood Oceanics incurred a non-cash impairment charge of $59.0MM including the write-down of Atwood Eagle.

$ATW {{ '2017-01-13T18:35:21+0000' | timeago}} • Announcement

$ATW closed the underwritten public offering of 15,525,000 shares of its common stock. The shares issued at closing included 2,025,000 shares issued pursuant to the underwriters' exercise in full of their option to purchase additional shares of common stock. $ATW received net proceeds of about $181.1MM, which will be used for corporate purposes.

$ATW {{ '2017-01-10T18:11:00+0000' | timeago}} • Announcement

$ATW priced an underwritten public offering of 13.5MM common shares at a price to the public of $12.20 per share. The company has also granted the underwriters a 30-day option to purchase up to 2.025MM additional shares. The offering is expected to close on Jan.13, 2017.

$ATW {{ '2017-01-10T12:33:16+0000' | timeago}} • Announcement

$ATW commenced an underwritten public offering of 13.5MM common shares. $ATW expects to grant the underwriters a 30-day option to buy up to 2.025MM additional shares. $ATW expects to use proceeds for general corporate purposes.

$ATW {{ '2016-12-19T14:46:04+0000' | timeago}} • Announcement

$ATW said one of its subsidiaries agreed to a one-well drilling services contract with Woodside Energy Ltd for the ultra-deepwater rig, Atwood Osprey, offshore Australia. The contract will commence between May 24, 2017 and July 7, 2017 and has an estimated duration of approx. 130 days, with the operating day rate of $185,000 per day.

$ATW {{ '2016-11-14T16:54:42+0000' | timeago}} • Webcast

$ATW stated that oil price is the big driver for companies to do the offshore drilling, especially large companies. Oil price has to sustain at 60 dollars plus level for offshore drilling to get the boost, the company said.

$ATW {{ '2016-11-14T16:38:10+0000' | timeago}} • Webcast

$ATW reported that 4Q16 revenue declined primarily due to the Atwood Advantage rig, which operated for 65 days at the reduced rate of $240,000 per day for Noble contract. The company expects capital expenditures to be $12MM during 1Q17 and this amount will be funded by cash on hand, cash flow from operations and revolving credit facility.

$ATW {{ '2016-11-14T16:16:54+0000' | timeago}} • Webcast

$ATW is encouraged by the regulatory developments occurring in Mexico and Brazil. The company believes that these two highly prospective markets have the potential for deepwater drilling activity from 2H18. $ATW did not announce any new contracts since its last earnings call. However, a number of opportunities are being progressed, $ATW said.

$ATW {{ '2016-11-14T15:56:38+0000' | timeago}} • Webcast

Offshore drilling company $ATW stated that operator sentiment has not changed much since its 3Q16 earnings call. Due to the current weakness in the oil prices, $ATW expects offshore drilling budgets for 2017 to remain muted. The company believes that higher oil prices would accompany the start of 2017.

$ATW {{ '2016-11-11T22:03:06+0000' | timeago}} • Announcement

Offshore driller $ATW reported a lower quarterly profit as revenue nearly halved. The company reported 4Q16 earnings of $4.2MM, or $0.07 per share, compared with  $150.7MM, or $2.32 per share a year ago. Revenue fell to $188.7MM from $363.18MM.

$ATW {{ '2016-07-25T14:17:10+0000' | timeago}} • Announcement

$ATW announced final results of its previously announced modified "Dutch Auction" tender offer for up to $150MM aggregate principal amount of its outstanding 6.50% Senior Notes due 2020. At end of July 22, $ATW received valid tenders totaling about $42MM of notes.

$ATW {{ '2016-07-11T14:44:10+0000' | timeago}} • Announcement

$ATW said it has extended the date by which tenders must be received for holders of Notes to receive the Early Tender Payment at end of July 22, which is the "Expiration Date" for the Offer. $ATW also is waiving the condition to the Offer requiring the valid tender of at least $50MM aggregate principal amount of Notes.

$ATW {{ '2016-07-11T14:42:03+0000' | timeago}} • Announcement

$ATW announced results to date of its pending modified "Dutch Auction" tender offer for up to $150MM aggregate of its outstanding 6.50% Senior Notes due 2020, pursuant to Offer to Purchase dated June 24 and related Letter of Transmittal dated June 24, 2016. On July 8, about $40MM aggregate of Notes had been tendered and not withdrawn in Offer.

$ATW {{ '2016-06-27T12:48:10+0000' | timeago}} • Announcement

$ATW said it began a modified "Dutch Auction" tender offer for up to $150MM aggregate of its outstanding 6.50% Senior Notes due 2020 .

$ATW {{ '2016-03-29T13:45:28+0000' | timeago}} • Announcement

Atwood Oceanics Worldwide Limited, a subsidiary of $ATW stood as a borrower and $ATW as a guarantor, and entered into an amendment to the borrower's Senior Secured Revolving Credit Facility. In addition, the Amendment adds a new minimum liquidity financial covenant and reduces the aggregate principal amount of commitments by $152MM.

$ATW {{ '2016-03-21T13:23:13+0000' | timeago}} • Announcement

Offshore drilling contractor $ATW said that its Australian subsidiary's drilling services contract with Woodside Energy for the semisubmersible Atwood Eagle has been suspended by mutual agreement effective March 19, 2016. The Atwood Eagle will temporarily remain in Australia until its mobilization to Singapore, where it will be available for hire.

$ATW {{ '2016-02-19T10:07:43+0000' | timeago}} • Announcement

Offshore drilling contractor $ATW said its BoD has acted to eliminate its quarterly dividends payment effective immediately due to the challenging market conditions. By this, the company intends to preserve liquidity and strengthen balance sheet.

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