Rowan retires $98 million of notes due over next for years

By Wendy Van Sickle

Columbus, Ohio, Jan. 27 – Rowan Cos. plc retired about $98 million of senior notes, which would have come due over the next four years, during the fourth quarter of 2015, according to a company news release.

The debt retirement will save the company $21 million in interest payments over the four years, according to the release.

Rowan is a contract drilling services provider based in Houston.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.