SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT REPORTED: June 30, 2000
ATWOOD OCEANICS, INC.
(Exact name of registrant as specified in its charter)
COMMISSION FILE NUMBER 1-13167
TEXAS 74-1611874
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
15835 Park Ten Place Drive 77084
Houston, Texas (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code:
281-749-7800
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ITEM 5. OTHER EVENTS
On June 30, 2000, Atwood Oceanics, Inc. announced that it entered into a
$150 million Revolving Credit Facility with a bank group. This revolving line of
credit is a non-reducing facility maturing in June 2005. Loans under the
facility will bear interest at varying rates ranging from 1% to 2 1/4% over
LIBOR, or 0% to 3/4% over prime, depending upon the ratio of debt to earnings
before interest, taxes and depreciation. The proceeds from this facility will be
used to refinance $46 million of existing debt, fund capital expenditures to
upgrade existing offshore drilling units, as well as for other general corporate
purposes.
EXHIBIT 99.1
EXHIBIT 99.2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ATWOOD OCEANICS, INC.
(Registrant)
/s/ James M. Holland
James M. Holland
Senior Vice President
DATE: 5 July 2000
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