Past year: ▼ 45%(12.9c – 28.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 Nov 2013material agreement● NeutralMajor
Diamond Offshore signed an underwriting agreement with J.P. Morgan and Wells Fargo to sell $250 million of 3.45% notes due 2023 and $750 million of 4.875% notes due 2043. This is the sale agreement; the closing is covered in the next filing.
29 May 2013contract award▲ GoodMajor
Diamond Offshore agreed with Hyundai Heavy Industries to build a new harsh-environment semisubmersible rig, expected after November 2015 at about $755 million projected cost. A three-year contract with a BP subsidiary for work off South Australia was signed for it, starting at $585,000 per day.
1 Oct 2012debt financing● Neutral
Diamond Offshore signed a new 5-year, $750 million unsecured revolving credit facility with Wells Fargo as agent, maturing September 28, 2017, with an option to add up to $250 million. Nothing had been borrowed or drawn as letters of credit as of October 1, 2012.
