LUXEMBOURG--(BUSINESS WIRE)--
Pacific Drilling S.A. (NOTC: PDSA) (“Pacific Drilling” or the “Company”)
announced today the pricing of the initial public offering of 6,000,000
common shares at a price to the public of $8.25 per share. The
underwriters have been granted a 30-day over-allotment option to
purchase up to an additional 900,000 common shares. The common stock
will begin trading on the New York Stock Exchange on November 11, 2011
under the ticker symbol “PACD.” The offering is expected to close on
November 16, 2011, subject to customary closing conditions.
Morgan Stanley and Deutsche Bank Securities are acting as joint
book-running managers for the proposed offering. DnB NOR Markets, Howard
Weil Incorporated, Pareto Securities AS and Simmons & Company
International are acting as co-managers.
This offering is being made solely by means of a prospectus, copies of
which may be obtained by contacting: Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, New York, New York
10014, telephone 1-866-718-1649 or by emailing prospectus@morganstanley.com
or Deutsche Bank Securities Inc., Prospectus Department, Harborside
Financial Center, 100 Plaza One, Jersey City, N.J., 07311-3988,
1-800-503-4611 or by emailing prospectus.cpdg@db.com.
A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission (“SEC”) on November
10, 2011. This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Pacific Drilling
Pacific Drilling is an international ultra-deepwater offshore drilling
company. Pacific Drilling’s fleet consists of six ultra-deepwater
drillships. The Company currently operates three recently delivered
drillships, expects delivery of its fourth drillship by end of 2011, and
has two additional drillships on order at Samsung to be delivered in
2013.
Source: Pacific Drilling S.A.