Davis Polk advised the dealer managers in connection with (i) Ensco Rowan plc’s (“Ensco”) $723 million cash tender offer for the outstanding 4.50% senior notes due 2024, 5.20% senior notes due 2025 and 8.00% senior notes due 2024 of Ensco, the 7.20% senior notes due 2027 of Ensco International Incorporation and the 4.75% senior notes due 2024 and 7.375% senior notes due 2025 of Rowan Companies, Inc. and (ii) the related solicitations of consent from the holders of each series of notes to certain amendments to the indenture governing each such series of notes. The solicitations of consent for Ensco’s 4.50% senior notes due 2024 and 5.20% senior notes due 2025 received the requisite consents to effect the proposed amendments.

Ensco is a global provider of offshore drilling services to the petroleum industry. It currently owns and operates a fleet of offshore drilling rigs spanning most of the strategic markets around the globe. Ensco is headquartered and domiciled in the United Kingdom.

The Davis Polk capital markets team included partner Michael Kaplan and associate Hillary A. Coleman. 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.

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