10 Sept 2010securities registration● Neutral
ROWAN COMPANIES PLC amended its automatic shelf registration statement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Sept 2010securities registration● Neutral
ROWAN COMPANIES PLC amended its automatic shelf registration statement.
30 Aug 2010debt financing● NeutralMajor
Rowan completed the $400 million 5% Senior Notes due 2017 sale, with net proceeds of about $395 million. It plans to use them for general corporate purposes, including possibly repaying SKDP debt, tying the borrowing to the SKDP deal. Interest is paid semi-annually from March 1, 2011, and the notes are unsecured, ranking behind secured debt such as the MARAD-guaranteed notes.
25 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC amended its automatic shelf registration statement.
24 Aug 2010business combination● NeutralMajor
Rowan formally launched its exchange offer for all remaining SKDP shares, running August 24 to September 14, 2010, paying in Rowan common stock. This is the follow-on tender promised in the July agreement and the form is a notice filing that attaches the offer document. The offer document was truncated, so the exchange terms are not restated here beyond the earlier 0.00574 ratio.
23 Aug 2010material agreement● NeutralMajor
Rowan agreed with underwriters to sell $400 million of 5% Senior Notes due 2017 in a public offering, expected to close August 30, 2010. The notes are unsecured and sit under its July 2009 indenture. The filing does not state the use of proceeds.
20 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC filed a prospectus supplement for an offering off its existing shelf.
20 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC amended its automatic shelf registration statement.
19 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC filed the final prospectus for a registered offering.
19 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC filed a free-writing prospectus - marketing material for an offering in progress.
19 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC amended its automatic shelf registration statement.
18 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC amended its automatic shelf registration statement.
13 Aug 2010capital raising announcement● Neutral
Rowan issued more new shares in private deals to buy SKDP shares: 945,877 shares on August 10, 2010 (for 164,739,342 SKDP shares) and 950,282 shares on August 12 (for 165,506,270 SKDP shares). This continues the SKDP purchase and adds to the number of Rowan shares outstanding.
13 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC amended its automatic shelf registration statement.
12 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC amended its automatic shelf registration statement.
5 Aug 2010securities registration● Neutral
ROWAN COMPANIES PLC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
4 Aug 2010quarterly activities report● Neutral
ROWAN COMPANIES PLC reported quarterly revenue of $282.2 million and net income of $90.9 million for the period ended 2010-06-30.
3 Aug 2010quarterly activities report● Neutral
ROWAN COMPANIES PLC reported quarterly revenue of $282.2 million and net income of $90.9 million for the period ended 2010-06-30.
1 July 2010capital raising announcement● NeutralMajor
Rowan agreed to buy shares in Skeie Drilling & Production ASA (SKDP), a Norwegian developer of jack-up rigs, from certain holders by issuing about 5,954,151 new Rowan shares (0.00574 Rowan shares per SKDP share). With a separate ~1.5% stake already bought, Rowan would own 50.3% of SKDP and intends to tender for the rest on the same terms. The deal is subject to due diligence and board approval by July 19, 2010, or it terminates. The press release says SKDP has three rigs under construction and $530 million of debt, and Rowan expects about $420 million more to complete the rigs.
7 May 2010quarterly activities report● Neutral
ROWAN COMPANIES PLC reported quarterly revenue of $432.4 million and net income of $64.6 million for the period ended 2010-03-31.
3 May 2010director interest notice● Neutral
ROWAN COMPANIES PLC director William T Fox III received a stock option grant for 4,473 shares.
3 May 2010director interest notice● Neutral
ROWAN COMPANIES PLC director Colin B Moynihan received a stock option grant for 4,473 shares.
3 May 2010director interest notice● Neutral
ROWAN COMPANIES PLC director Henry E Lentz received a stock option grant for 4,473 shares.
13 Apr 2010director interest notice● Neutral
ROWAN COMPANIES PLC SVP & CFO William H Wells had 585 shares withheld for taxes on vesting stock.
13 Apr 2010director interest notice● Neutral
ROWAN COMPANIES PLC Executive V.P. - Legal John L Buvens had 585 shares withheld for taxes on vesting stock.
13 Apr 2010director interest notice● Neutral
ROWAN COMPANIES PLC Executive V.P. - Drilling David Patrick Russell had 1,017 shares withheld for taxes on vesting stock.
13 Apr 2010director interest notice● Neutral
ROWAN COMPANIES PLC VP & Corporate Secretary Melanie Montague Trent had 746 shares withheld for taxes on vesting stock.
13 Apr 2010director interest notice● Neutral
ROWAN COMPANIES PLC VP - Human Resources Terry D Woodall had 824 shares withheld for taxes on vesting stock.
13 Apr 2010director interest notice● Neutral
ROWAN COMPANIES PLC Executive V.P. - Business Dev. Mark A Keller had 753 shares withheld for taxes on vesting stock.
13 Apr 2010director interest notice● Neutral
ROWAN COMPANIES PLC SVP, Corporate Development John Kevin Bartol had 869 shares withheld for taxes on vesting stock.