Credit & Debt Summary

Credit Ratings

Rowan has been assigned credit ratings by the following agencies:

Agency Rating
Moody’s B2
Standard & Poor’s B+

Debt Summary

Bank Revolving Credit Facility

On January 25, 2016, the Company amended and restated its $1.5 billion revolving credit agreement to extend the maturity date by one year to January 23, 2021. Availability under the facility declines by $60 million to $1.44 billion from January 23, 2019 through January 23, 2020, and to approximately $1.29 billion through maturity in 2021. There were no amounts drawn under the revolving credit facility as of June 30, 2017

Long-Term Debt ($ millions)

Outstanding debt notes and maturity date June 30, 2017 Carrying Value
7.875% Senior Notes, due 2019 $207.2
4.875% Senior Notes, due 2022 $625.1
4.75% Senior Notes, due 2024 $395.8
7.375% Senior Notes, due 2025 $497.3
5.4% Senior Notes, due 2042 $395.0
5.85% Senior Notes, due 2044 $396.2
Total long-term debt $2,516.6

Weighted-average annual interest rate is 5.9%

The Senior Notes are fully and unconditionally guaranteed on a senior and unsecured basis by Rowan Companies plc.