Transocean Ltd. Announces Pricing of U.S. $750 Million of Senior Unsecured Notes due 2027
STEINHAUSEN, Switzerland, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (collectively with Transocean Ltd., Transocean), has priced its previously-announced offering of U.S. $750 million aggregate principal amount of senior unsecured notes due 2027 (the Notes) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed by Transocean Ltd. and certain of Transocean Inc.s subsidiaries.
- STEINHAUSEN, Switzerland, Jan. 08, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (collectively with Transocean Ltd., Transocean), has priced its previously-announced offering of U.S. $750 million aggregate principal amount of senior unsecured notes due 2027 (the Notes) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed by Transocean Ltd. and certain of Transocean Inc.s subsidiaries.
- The offering is expected to close on or about January 17, 2020, subject to customary closing conditions.
- Transocean intends to use the net proceeds from this offering to refinance, repurchase and/or redeem certain of its existing indebtedness in one or more transactions, and/or for general corporate purposes.
- Forward-looking statements include statements regarding the Transoceans plans to issue the Notes and use the proceeds therefrom.