Atwood Oceanics (ATW -1.7%) sees a bit of selling pressure after announcing it sold $450M worth...

|About: Atwood Oceanics Inc. (ATW)|By:, SA News Editor

Atwood Oceanics (ATW -1.7%) sees a bit of selling pressure after announcing it sold $450M worth of 6.5% notes due in 2020. The offshore driller intends to use the proceeds to reduce borrowings made under an existing credit facility.