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RDC Redcare Pharmacy NV

137.20
2.40 (1.78%)
20 Dec 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Redcare Pharmacy NV TG:RDC Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.40 1.78% 137.20 136.80 137.60 137.80 133.60 134.40 11,630 22:50:13

Oil-Services Firm Rowan To Offer $375 Million In 10-Year Notes

15/07/2009 2:41pm

Dow Jones News


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   DOW JONES NEWSWIRES 
 

Rowan Cos. (RDC) said it will offer $375 million in 10-year senior unsecured notes as the oil-services provider becomes the latest company looking to tap the markets for fresh capital.

Many companies have been taking advantage of investor interest in stock and bond sales to raise capital in recent months.

Rowan, which provides offshore contract drilling and aviation services, said it would use the proceeds from the offering for general corporate purposes.

The company has been seeing solid performance from its drilling and manufacturing units recently, but has still been looking to cut costs like many others in the industry. In May, it reported first-quarter earnings jumped 34% as revenue increased 19%.

Rowan said at the time that weakening demand for drilling services and equipment was continuing to pressure revenue.

Shares closed Tuesday at $18.77 and haven't traded premarket. The stock is off 55% in the last year.

-By Kerry Grace Benn, Dow Jones Newswires; 212-416-2353; kerry.benn@dowjones.com

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Visit http://djnewswires.ar.wilink.com/?link=RDC or call 1-888-301-0513

 
 

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