Oil / Gas Drilling
Sevan Drilling ASA Secures USD 1,450 Million Loan Facility and Contemplates USD 500 Million Bond Issue
Sevan Drilling ASA announced that the Company has subject to certain conditions agreed the principle terms of a five year secured corporate bank facility of USD 1,450 million, for the purpose of refinancing all outstanding debt of the company related to the two operational drilling rigs Sevan Driller and Sevan Brasil, as well as financing for the delivery of Sevan Louisiana and Driller 4 currently under construction at COSCO shipyard. The bank syndicate is co-ordinated by ING Bank N.V, and will include NIBC Bank N.V., DVB Bank SE and Swedbank AB (publ) as lenders and a part guarantee by the Norwegian Guarantee Institute for Export Credits (GIEK). GIEK has committed USD 750 million in the bank facility. Additionally, as part of the financing efforts, the Company has announced the launch of a USD 500 million senior secured second lien bond issue with maturity in January 2019 (5.5 years). Pareto Securities AS, RS Platou Markets AS and Swedbank First Securities have been appointed as Joint Lead Managers and Bookrunners for the bond issue. SEB is acting as co-lead manager.
Podzemburgaz OAO Declares FY 2012 Dividend Payment for Preferred Shares; Appoints Auditor for FY 2013-SKRIN
SKRIN reported that Podzemburgaz OAO has decided to distribute dividends for the fiscal year 2012 for preferred shares only of RUB 1.0986 per A type preferred share (RUB 775,564.81 in total). Also, the Company has appointed KPMG ZAO as its auditor for the fiscal year 2013.
Sevan Drilling ASA Announces Intra-Group Merger between Sevan Drilling ASA and Wholly Owned Subsidiaries
Sevan Drilling ASA announced that to optimize the group's legal structure Sevan Drilling is in the process of consolidating certain of its wholly owned subsidiaries through a simplified intra-group merger pursuant to the Norwegian Public Companies Act section 13-24, with all the subsidiaries' rights and obligations being transferred to the Company without consideration. The Company expects the mergers to complete in Q3.
Al-Safat Energy Holding KSCC Sells its Stakes in Wholly-Owned Subsidiary Hasibat Information Technologies Co
Al-Safat Energy Holding KSCC announced announced that it has sold its entire stakes, representing 99% of its wholly-owned subsidiary, Hasibat Information Technologies Co's share capital, for a total value of KWD 311,850.
Hi Crush Partners LP Completes Acquisition of D&I Silica, LLC
Hi Crush Partners LP announced the successful completion of its acquisition of D&I Silica, LLC (D&I). Hi-Crush agreed to acquire D&I on May 14, 2013 for $95 million in cash and 1.579 million units priced at $19 for total consideration of approximately $125 million.
Songa Offshore SE Appoints Michael Mannering as New Chairman
Songa Offshore SE announced that its Annual General Meeting (AGM) has decided to appoint Mr. Michael Mannering as the new Chairman of the Company's Board of Directors.
Helmerich & Payne Inc Increases Regular Dividend
Helmerich & Payne Inc announced that Board of Directors declared a dividend of $0.50 per share of common stock for its third quarter of fiscal 2013 ending June 30, 2013. This represents an increase from the Company's prior quarterly regular dividend level of $0.15 per share. The dividend is payable on August 30, 2013 to shareholders of record at the close of business on August 15, 2013.
Pacific Drilling SA Announces Closing of $2 Billion in Senior Secured Financing Transactions
Pacific Drilling SA announced the closing of three financing transactions totaling $2 billion. The transactions included an offering of $750 million in 5.375% senior secured notes due 2020, a $750 million senior secured term loan with 2018 maturity, and a $500 million senior secured revolving credit facility also maturing in 2018. Net proceeds from the offering of the senior secured notes and the term loan were used to fully repay all $1.35 billion outstanding on our Project Facilities Agreement. The balance of the net proceeds together with approximately $150 million in releases of restricted cash from the Project Facilities Agreement will be used for general corporate purposes, primarily the initial construction payments for the Pacific Zonda.
SeaDrill Ltd Raises Regular Quarterly Dividend and Maintains FY 2015 EBITDA Guidance
SeaDrill Ltd announced that the Company has decided to increase the regular quarterly dividend by USD 0.03 to USD 0.88. The dividend increase reflects Seadrill’s strong operational results, positive market outlook, solid orderbacklog and strong support received from the financing market. The Board believes that the new dividend is sustainable long-term and can be further increased as EBITDA is expected to grow by 50% over the next eight quarters. The ex. dividend date has been set to June 5, 2013, record date is June 7, 2013 and payment date is on or about June 20, 2013. The Company also announced that it still expects to reach an annual EBITDA run rate of USD 4 billion in the fiscal year 2015. According to I/B/E/S Estimates analysts on average are expecting the Company to report EBITDA of USD 3,995.18 million for the fiscal year 2015.
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+237.94Analyst Research
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Provider: SADIF-Investment Analytics, S.A.
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Provider: GlobalData
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$250.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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