Rowan Companies, Inc. Underwriting Agreement December 6, 2016 Merrill Lynch, Pierce, Fenner & Smith Incorporated Barclays Capital Inc.Underwriting Agreement • December 9th, 2016 • Rowan Companies PLC • Drilling oil & gas wells • New York
Rowan Companies, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the several underwriters named on Schedule I hereto (the “Underwriters”), for which Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc. are acting as Representatives (the “Representatives”), $500,000,000 aggregate principal amount of its 7.375% Senior Notes due 2025 (the “2025 Notes” or the “Notes”), guaranteed pursuant to the guarantees (the “Guarantees” and together with the Notes, the “Securities”) provided by Rowan Companies plc, a public limited company incorporated under the laws of England and Wales (the “Parent” and together with the Company, the “Obligors”). The Securities will have terms and provisions that are summarized in the Disclosure Package as of the Applicable Time and the Prospectus dated as of the date hereof (each as defined in Section 1(a) hereof). The Securities will be issued pursuant to an Indenture dated as of July 21, 2009 (the “Base Indenture
