Ensco plc $606.3 Million Ordinary Shares Offering
Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of 65,550,000 Class A ordinary shares of Ensco plc. Included in the shares are 8,550,000 shares sold by Ensco plc pursuant to the underwriters’ exercise in full of their option to purchase additional shares. The gross proceeds from the offering were approximately $606.3 million. The Class A ordinary shares are listed on the New York Stock Exchange under the symbol “ESV.”
Ensco is a global offshore contract drilling company. It currently owns and operates an offshore drilling rig fleet of 63 rigs spanning most of the strategic markets around the globe. Ensco is headquartered in Houston, Texas, and domiciled in the United Kingdom.
The Davis Polk corporate team included partners Michael Kaplan and Simon Witty, counsel Marcel Fausten, European counsel Simon J Little and associates Milson C. Yu and Nathan R. Schuur. The tax team included partner Jonathan Cooklin, counsel Alon Gurfinkel and associates Omer Harel and Dominic Foulkes. Members of the Davis Polk team are based in the New York and London offices.