EnscoRowan Announces Cash Tender Offers and Consent Solicitations

LONDON--(BUSINESS WIRE)--Ensco Rowan plc (NYSE:ESV) (“EnscoRowan” or the “Company”) announced today that it has commenced cash tender offers (collectively, the “Tender Offers,” and each offer to purchase a series of notes individually, a “Tender Offer”) to purchase up to $600,000,000 aggregate purchase price, exclusive of accrued interest (the “Aggregate Maximum Purchase Amount”), of the outstanding notes of EnscoRowan and its wholly owned subsidiaries Ensco International Incorporated (“EII”) and Rowan Companies, Inc. (“Rowan”) set forth in the table below (collectively, the “Notes”). No more than $50,000,000 aggregate purchase price, exclusive of accrued interest (the “Capped Notes Tender Cap”), of the Company’s 7.75% Senior Notes due 2026 (the “Capped Notes”) will be purchased in the Tender Offers.