Transocean Ltd.

Description

Priced an offering of senior secured notes due 2024 at $750 million in aggregate principal amount. The notes will bear interest at the rate of 5.875% per annum and will be callable after July 15, 2021. The offering is expected to close on or about July 13, 2018. Transocean Guardian expects to receive aggregate net proceeds of approximately $732.5 million from the offering, after deducting the initial purchasers’ discount and estimated offering costs.

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Companies
Estimated Price
$750.0MM
Financing Type
Report Date