EnscoRowan, the new rig owner formed through the merger of UK and US-based players, has increased the borrowing capacity under its revolving credit facility after the corporate combination was finally completed late last week.
The new company, which will maintain Ensco’s home city of London as its headquarters but will retain a significant presence in Rowan’s traditional centre of Houston, has upped the level of its unsecured revolving credit facility to around $2.3
