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Diamond Offshore Drilling, Inc. · Bankruptcy · 2020

3.45% Senior Notes due 2023

Diamond Offshore Drilling, Inc. · CUSIP 25271CAM4. 8 verified questions on this obligation.

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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.

Currency
USD
Final maturity
2023-11-01
Seniority
Senior
Governing law
Not recorded
Form
Registered
Transferable
Yes (no contractual transfer restriction)
Coupon
3.45%

Questions and verified answers

  1. #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. #2 Does the instrument meet the Maximum Maturity characteristic (30 years)?
    Yes

    Eighth Supplemental Indenture of 2013-11-05

  3. #3 Does the instrument meet the Specified Currency characteristic (USD, EUR, JPY, GBP, CHF, CAD)?
    Yes

    Eighth Supplemental Indenture of 2013-11-05

  4. #4 Does the instrument meet the Not Subordinated characteristic?
    Yes

    Eighth Supplemental Indenture of 2013-11-05

  5. #5 Does the instrument meet the Not Bearer characteristic?
    Yes

    Eighth Supplemental Indenture of 2013-11-05

  6. #6 Is the instrument Not Contingent (principal not reducible for a reason other than payment)?
    Yes
    None: no clause making principal contingent was found.
  7. #7 Does the instrument meet the Transferable characteristic?
    Yes
    None: no clause restricting transfer was found.
  8. #8 Is the issuer of the instrument the Reference Entity?
    Yes

    Eighth Supplemental Indenture of 2013-11-05

Documents

Terms come from these documents. Fields the record omits show as not stated.

  • 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

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