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United States

Rowan Companies PLC (RDC)

RDC on New York Consolidated

16.56USD
17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Rowan prices upsized offering of $500 mln senior notes
Wednesday, 7 Dec 2016 06:45am EST 

Rowan Companies Plc - : Rowan Companies Plc- pricing of an underwritten public offering of $500 million in aggregate principal amount of 7.375 pct senior unsecured notes due 2025 . To use net proceeds to fund recently announced tender offer to purchase for cash up to $750 million aggregate purchase price, among others .Rowan prices upsized public offering of $500 million of senior notes.  Full Article

Rowan announces cash tender offers
Monday, 5 Dec 2016 07:41am EST 

Rowan Companies Plc : Rowan announces cash tender offers .RCI intends to fund tender offers with proceeds from notes offering and cash on hand.  Full Article

Rowan announces public offering of $400 mln of senior notes
Monday, 5 Dec 2016 07:40am EST 

Rowan Companies Plc: Rowan announces public offering of $400 million of senior notes .Rowan Companies Plc - launch of an underwritten public offering of $400 million in aggregate principal amount of senior unsecured notes due 2025.  Full Article

Rowan and Saudi Aramco to contribute $25 mln for working capital needs at formation of new company
Monday, 21 Nov 2016 06:54am EST 

Rowan Companies Plc - : At formation of new company, each of Rowan and Saudi Aramco will contribute US$25 million to be used for working capital needs-SEC filing . Saudi Aramco will be obligated to fund their portion of purchase of up to 20 new build jack-up rigs ratably over ten years . First rig is expected to be delivered as early as 2021 . Partners intend newbuild jack-up rigs will be financed out of available cash from operations, funds available from 3rd party debt financing . If cash from operations not available to fund cost of newbuild jack-up rig,each partner is to contribute funds to buy rigs up to $1.25 billion/partner .Saudi Aramco as a customer will provide drilling contracts to support new company in acquisition of new rigs.  Full Article

Rowan Companies Plc received notice of early termination from Repsol E&P USA Inc
Tuesday, 15 Nov 2016 06:33am EST 

Rowan Companies Plc : Rowan companies plc - received notice of early termination from Repsol E&P USA Inc. Under terms of drilling contract for drillship rowan renaissance . Rowan companies - expects to continue to be paid by repsol on monthly basis through original termination date of April 22, 2017 . Rowan Companies Plc - expects to continue to be paid by repsol on a monthly basis at a rate slightly below current standby rate . Rowan Companies Plc - company plans to reduce manning and warm stack drillship in near term. .Rowan Companies Plc - notice of early termination from Repsol E&P USA Inc. is effective immediately.  Full Article

Rowan companies Q2 adjusted EPS $0.75
Tuesday, 2 Aug 2016 07:00am EDT 

Rowan Companies Plc : Q2 revenue rose 20 percent to $611.9 million . Q2 earnings per share $1.72 .Q2 earnings per share view $0.81, revenue view $495.5 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Rowan Announces Purchase Of Two Modern Jack-Up Rigs

* ROWAN COMPANIES PLC - ‍INTENDS TO MOBILIZE THE MODERN JACK-UPS TO MIDDLE EAST FROM THEIR CURRENT LOCATION IN BRAZIL IN LATE Q1 2018​