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Stock impact report

Transocean Ltd. Announces Offering of Notes

Transocean Ltd (Switzerland) (RIG) 
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.deepwater.com
Company Research Source: GlobeNewswire
STEINHAUSEN, Switzerland, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (collectively with Transocean Ltd., “Transocean”), has commenced an offering of U.S.$750 million aggregate principal amount of senior unsecured notes due 2025 (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. Transocean intends to use the net proceeds from this offering to pay a portion of the cash consideration for the merger (the “Ocean Rig Merger”) with Ocean Rig UDW Inc. (“Ocean Rig”) and for related fees and expenses, or for general corporate purposes.  The Notes and the guarantees (together, the “securities”) have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and may not be offered or so Show less Read more
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