Ocean Rig Norway AS, a wholly-owned subsidiary of Ocean Rig ASA, today launched a tender offer to purchase for cash any and all of its outstanding 8.375% senior secured second lien notes due 2013. Ocean Rig Norway AS is also soliciting consents to amend the indenture under which such notes were issued.
Ocean Rig has appointed Morgan Stanley & Co. Incorporated as the dealer manager and solicitation agent and Global Bondholder Services Corporation is the information agent and depositary for the tender offer and consent solicitation.
Please find attached the following tender offer documents: the “Offer to Purchase and Consent Solicitation Statement,” “Consent and Letter of Transmittal” and the detailed press release sent by Morgan Stanley & Co. Incorporated. These documents can also be viewed on our website at www.ocean-rig.com.
This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of a consent with respect to any of the notes. The tender offer and the related consent solicitation are being made solely by the Offer to Purchase and Consent Solicitation Statement, which sets forth the complete terms of the tender offer and the consent solicitation.
Ocean Rig owns and operates two of the world’s largest and most modern drilling rigs, built for ultra deep waters and extreme weather conditions. The units are currently operating in the US Gulf of Mexico and in the North Sea