Transocean Inc. - 2010-09-16

Plans to publicly offer senior notes of its subsidiary Transocean Inc. to fund redemption of various senior notes for general corporate purposes. The offering will fund the repurchase of its 1.625% series A convertible senior notes due December 2037, a portion of its 1.5% series B convertible senior notes due 2037 and its 1.5% series C convertible senior notes due December 2037. Use of the proceeds for general corporate purposes include capex, acquisitions, repayment or refinancing of debt.