Ensco has received investment grade credit ratings
from the following rating agencies:
|
Moody's |
Baa1 Stable Outlook |
|
Standard & Poors |
BBB+ Stable Outlook |
Debt Summary
Bank Facility
Ensco refinanced its unsecured Revolving Credit Facility with a syndicate of twelve lenders in 2010.
| Commitments: |
$700 million, with uncommitted accordion option to increase to $850 million |
| Availability: |
$700 million
|
| Interest rate: |
LIBOR plus an applicable margin (currently 2.0% per annum) |
| Tenor: |
4 Years |
| Maturity date: |
28-May-2014 |
Total Debt
|
Outstanding
31-Mar-2010 |
Interest Rate |
Maturity |
| 30 Year Debentures* |
$148.8 million |
7.20% fixed |
15-Nov-2027 |
| MARAD Bonds** |
$ 69.7 million |
6.36% fixed |
01-Dec-2015 |
| MARAD Bonds*** |
$ 47.3 million |
4.65% fixed |
15-Oct-2020 |
* Unsecured
** Guaranteed by the U.S. Dept. of Transportation, Maritime Administration, these bonds have semiannual amortization payments and Ensco 7500 as collateral
*** Guaranteed by the U.S. Dept. of Transportation, Maritime Administration, these bonds have semiannual amortization payments and Ensco 105 as collateral