July 28, 2017 1:53 PM ET

Energy Equipment and Services

Company Overview of Pride International Inc.

Company Overview

Pride International, Inc. provides offshore contract drilling services to oil and natural gas exploration and production companies. The company offers its drilling services through the use of mobile offshore drilling rigs in the United States and international waters. Its customers include integrated oil and natural gas companies, state-owned national oil companies, and independent oil and natural gas companies. As of May 4, 2011, the company operated a fleet of 26 rigs consisting of 5 deepwater drillships, 12 semisubmersible rigs, 7 independent leg jackups, and 2 managed deepwater drilling rigs. It also provides various rig management services, including technical drilling assistance, perso...

5847 San Felipe Street

Suite 3300

Houston, TX 77057

United States

Founded in 1966

3,900 Employees

Phone:

713-789-1400

Fax:

713-789-1430

Key Executives for Pride International Inc.

Chief Financial Officer and Senior Vice President
Age: 57
Senior Vice President of Operations, Asset Management and Engineering
Age: 60
Chief Administrative Officer and Senior Vice President
Age: 47
Senior Vice President of Human Resources & Administration
Age: 58
Chief Information Officer and Vice President
Compensation as of Fiscal Year 2017.

Pride International Inc. Key Developments

Ensco Announces Early Results of Tender Offers and Extension of Early Tender Date

Ensco plc reported the results to date of its pending cash tender offers to purchase up to $750,000,000 aggregate purchase price, exclusive of accrued interest, of the outstanding notes of Ensco and its wholly owned subsidiary Pride International Inc. As of 5:00 p.m., New York City time, on March 18, 2016, approximately $719.2 million aggregate principal amount of Notes have been tendered and not withdrawn in the Tender Offers. Ensco also announced that it has extended the date by which tenders must be received for holders to receive the applicable early tender premium to 11:59 p.m., New York City time, on April 1, 2016 for each series of Notes, which is the “Expiration Date” for the Tender Offers. Accordingly, all Notes tendered prior to the Expiration Date, including those tendered prior to the Initial Early Tender Date, will be eligible to receive the total consideration.

Ensco plc and Pride International, Inc. Announce Commencement of Cash Tender Offers of Outstanding Notes

Ensco plc announced that it has commenced cash tender offers to purchase up to $750,000,000 aggregate purchase price, exclusive of accrued interest, of the outstanding notes of Ensco and its wholly owned subsidiary Pride International Inc. No more than $100,000,000 aggregate purchase price, exclusive of accrued interest of 4.50% senior notes due 2024 and 5.20% Senior notes due 2025, collectively will be purchased in the tender offers. The terms and conditions of the tender offers are described in an offer to Purchase dated March 7, 2016 and the related letter of transmittal. The tender offers will expire at 11:59 p.m., New York City time, on April 1, 2016 (such date and time with respect to a tender offer, as it may be extended for such tender offer, the 'expiration date'). No tenders will be valid if submitted after the expiration date. Tendered notes may be withdrawn from the tender offers at or prior to 5:00 p.m., New York City time, on March 18, 2016, unless extended by Ensco (such date and time with respect to a tender offer, as it may be extended for such tender offer, the withdrawal deadline'). Holders of notes who tender their notes after the withdrawal deadline, but prior to the expiration date, may not withdraw their tendered notes, except for certain limited circumstances where additional withdrawal rights are required by law. Deutsche Bank Securities Inc., Goldman, Sachs & Co., Morgan Stanley & Co. LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc.,DNB Markets Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mitsubishi UFJ Securities (USA) Inc., Mizuho Securities USA Inc., Standard Chartered Bank and Wells Fargo Securities, LLC are the dealer managers in the tender offers. Global Bondholder Services Corporation has been retained to serve as both the depositary and the information agent for the tender offers.

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Recent Private Companies Transactions

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