[ad_1]
Transocean (NYSE:RIG) mentioned that Transocean Inc., its wholly-owned subsidiary priced a personal providing, upsized to $1.8B in combination principal quantity, of $900M combination principal quantity of senior notes due 2029 and $900M combination principal quantity of senior notes due 2031 to eligible purchasers. The notes will probably be absolutely and unconditionally assured on a senior unsecured foundation by Transocean and sure of the corporate’s subsidiaries. The 2029 notes will bear curiosity on the fee of 8.250% each year, and the 2031 notes will bear curiosity on the fee of 8.500% each year. The providing is anticipated to shut on or about April 18, 2024. Internet proceeds to fund the supply to buy for money any and the entire firm’s excellent 11.50% senior assured notes due 2027 and seven.25% senior notes due 2025 and to pay any associated premiums and bills or to redeem any tender notes not bought within the tender presents. The corporate intends to make use of the remaining internet proceeds from the providing for the redemption of different precedence assured notes. The inventory worth gained 1.3% on Friday throughout pre-market commerce.
[ad_2]
Source link
