-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, n4rmvEyBooAzgesnQiYf/+uK+LIiaLzztrhL7jMH9mSQmxWnhvT8lfIwKjP+HmNT vVWYCjMHbwF4sLaqO9DKJA== 0000950129-94-000820.txt : 19941212 0000950129-94-000820.hdr.sgml : 19941212 ACCESSION NUMBER: 0000950129-94-000820 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19941206 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19941207 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARINE DRILLING COMPANIES INC CENTRAL INDEX KEY: 0000860521 STANDARD INDUSTRIAL CLASSIFICATION: 1381 IRS NUMBER: 742558926 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18309 FILM NUMBER: 94563582 BUSINESS ADDRESS: STREET 1: 14141 SW FWY STE 2500 CITY: SUGAR LAND STATE: TX ZIP: 77478-3435 BUSINESS PHONE: 7134912002 FORMER COMPANY: FORMER CONFORMED NAME: MARINE HOLDING CO DATE OF NAME CHANGE: 19910707 8-K 1 FORM 8-K 1 ================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 ____________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Date of Report (Date of earliest event reported): DECEMBER 6, 1994 Commission File Number: 0-18309 ____________________ MARINE DRILLING COMPANIES, INC. (Exact name of registrant as specified in its charter) TEXAS 74-2558926 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) 14141 SOUTHWEST FREEWAY, SUITE 2500, SUGAR LAND, TEXAS 77478-3435 (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 491-2002 ________________________________________________________________________________ (Former name if changed since last report) ________________________________________________________________________________ (Former address if changed since last report) ================================================================================ 2 ITEM 5. OTHER EVENTS A. On December 2, 1994, the Company announced the acquisition of the Nordic Explorer (to be renamed the MARINE 201) jack-up drilling rig. B. On December 2, 1994, the Company announced the closing of a new $35 million credit facility with The CIT Group/Capital Equipment Financing, Inc. ITEM 7(c). EXHIBITS
Exhibit Number Description ------ ----------- 99.5 Press release dated December 2, 1994 regarding closing of Nordic Explorer purchase. 99.6 Press release dated December 2, 1994 regarding completion of CIT financing facility.
-2- 3 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MARINE DRILLING COMPANIES, INC. (Registrant) Date: December 6, 1994 By: /s/ William H. Flores William H. Flores Senior Vice President - Chief Financial Officer and Director (Principal Financial Officer) Date: December 6, 1994 By: /s/ Joan R. Smith Joan R. Smith Vice President, Controller and Secretary (Principal Accounting Officer) -3- 4 INDEX TO EXHIBITS
SEQUENTIALLY EXHIBIT NUMBERED NUMBER EXHIBITS PAGE ------- -------- ------------ 99.5 Press release dated December 2, 1994 regarding closing of Nordic Explorer purchase. 99.6 Press release dated December 2, 1994 regarding completion of CIT financing facility.
-4- EX-99.5 2 EXHIBIT 99.5 1 EXHIBIT 99.5 NEWS RELEASE MARINE DRILLING COMPANIES, INC. - - ------------------------------- 14141 Southwest Freeway, Suite 2500 Sugar Land, Texas 77478-3435 DATE: December 2, 1994 [LOGO] CONTACT: William O. Keyes or William H. Flores PHONE: (713) 491-2002 ******************************************************************************** MARINE DRILLING ANNOUNCES CLOSING OF NORDIC EXPLORER PURCHASE SUGAR LAND, TEXAS (December 2, 1994) -- Marine Drilling Companies, Inc. (NSM-MDCO) today reported that on December 1, it acquired the Nordic Explorer (which has been renamed the MARINE 201) from Transocean AS for approximately $7 million. The rig, which is currently in Singapore, is a 200' water depth rated mat cantilever jack-up rig built in 1981. The MARINE 201 is equipped with a top drive and it is also configured for international operations. The Company initially intends to market the rig in Southeast Asia. Marine Drilling owns and operates thirteen jack-up drilling rigs located in the U.S. Gulf of Mexico, offshore Mexico in the Bay of Campeche and in Southeast Asia. The Company's common stock is listed on the NASDAQ Stock Market under the symbol MDCO. # # # EX-99.6 3 EXHIBIT 99.6 1 EXHIBIT 99.6 NEWS RELEASE MARINE DRILLING COMPANIES, INC. - - ------------------------------- 14141 Southwest Freeway, Suite 2500 Sugar Land, Texas 77478-3435 DATE: December 2, 1994 [LOGO] CONTACT: William H. Flores or Joan R. Smith PHONE: (713) 491-2002 ******************************************************************************** MARINE DRILLING ANNOUNCES COMPLETION OF CIT FINANCING FACILITY SUGAR LAND, TEXAS (December 2, 1994) -- Marine Drilling Companies, Inc. (NSM-MDCO) today announced the closing of a new $35 million credit facility with The CIT Group/Capital Equipment Financing, Inc. The facility includes an eighteen-month revolving loan which is convertible into a three-year term loan. The principal balance of the term loan will amortize at a rate of 20% per year with the balance (40%) due at the end of the three-year term. The Company will use the facility to fund rig acquisitions and upgrades to its present fleet. William H. Flores, the Company's Chief Financial Officer, commented, "We are excited about our new relationship with CIT and with the opportunities available to the Company with this facility. We view this arrangement as a financially prudent way to grow Marine Drilling and add value for our owners." Marine Drilling owns and operates thirteen jack-up drilling rigs located in the U.S. Gulf of Mexico, offshore Mexico in the Bay of Campeche and in Southeast Asia. The Company's common stock is listed on the NASDAQ Stock Market under the symbol MDCO. # # # -----END PRIVACY-ENHANCED MESSAGE-----