Transocean上调优先票据价格

2024-04-12 17:43

Transocean (NYSE:RIG) said that Transocean Inc., its wholly-owned subsidiary priced a private offering, upsized to $1.8B in aggregate principal amount, of $900M aggregate principal amount of senior notes due 2029 and $900M aggregate principal amount of senior notes due 2031 to eligible purchasers.
The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Transocean and certain of the company’s subsidiaries.
The 2029 notes will bear interest at the rate of 8.250% per annum, and the 2031 notes will bear interest at the rate of 8.500% per annum.
The offering is expected to close on or about April 18, 2024.
Net proceeds to fund the offer to purchase for cash any and all of the company’s outstanding 11.50% senior guaranteed notes due 2027 and 7.25% senior notes due 2025 and to pay any related premiums and expenses or to redeem any tender notes not purchased in the tender offers. The company intends to use the remaining net proceeds from the offering for the redemption of other priority guaranteed notes.
The stock price gained 1.3% on Friday during pre-market trade.

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