Transocean Prices $500 Million Private Offering of Senior Priority Guaranteed Notes

MT Newswires Live
Oct 01

Transocean (RIG) said Tuesday that its Transocean International unit has priced a $500 million private offering of senior priority guaranteed notes due 2032.

The notes will pay an interest rate of 7.875% a year, the company said, adding the offering is expected to close on or about Oct. 15.

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