Diamond Offshore Drilling, Inc. · Corporate
Diamond Offshore Drilling, Inc.: bankruptcy, 2020
Diamond Offshore Drilling, Inc.: bankruptcy credit event on 2020-04-26, worked through from its SEC filings. The 3.45% Senior Notes due 2023 (CUSIP 25271CAM4) are a Deliverable Obligation: all 7 checks pass. Each result cites the clause behind it, or says when it rests on the absence of a clause.
Verified answerDiamond Offshore Drilling, Inc. · Bankruptcy · 2020
Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?
Yes, deliverable
3.45% Senior Notes due 2023 pass all 7 checks, each tied to its clause.
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Verified outcome
Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.
Source clauses
- Reference entity
- Diamond Offshore Drilling, Inc.
- Credit event
- Bankruptcy · 2020-04-26
- Entity type
- Corporate
- Documents
- 2 in the record
Instruments
Each obligation has its own page with terms and questions.
- 3.45% Senior Notes due 2023Eligible
Diamond Offshore Drilling, Inc. · CUSIP 25271CAM4
8 questions
Questions and verified answers
Open a question for the verified answer, its basis and how it was checked. Clause links open the documents below.
- #1 Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?Eligible
- #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?Yes
Eighth Supplemental Indenture of 2013-11-05
- #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?Yes
Eighth Supplemental Indenture of 2013-11-05
- #4 Does the instrument meet the Not Subordinated characteristic?Yes
Eighth Supplemental Indenture of 2013-11-05
- #5 Does the instrument meet the Not Bearer characteristic?Yes
Eighth Supplemental Indenture of 2013-11-05
- #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?YesNone: no clause making principal contingent was found.
- #7 Does the instrument meet the Transferable characteristic?YesNone: no clause restricting transfer was found.
- #8 Is the issuer of the instrument the Reference Entity?Yes
Eighth Supplemental Indenture of 2013-11-05
Documents
The case record. 8 sections support the verified answers.
- DOC-1 Diamond Offshore 8-K filed 2020-04-27, Item 1.03 Bankruptcy, petition 2020-04-26excerpts
- DOC-2 Eighth Supplemental Indenture dated November 5, 2013, 3.45% Senior Notes due 2023 and 4.875% Senior Notes due 2043 (EX-4.2)excerpts
Timeline
- 2013-11-05Eighth Supplemental Indenture for the 3.45% Senior Notes due 2023 and the 4.875% Senior Notes due 2043 (filed as Exhibit 4.2).
- 2020-04-26Diamond Offshore Drilling, Inc. and certain subsidiaries file voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the Southern District of Texas.
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