Transocean Reports Early Tender Results, Ups Tender Offer
MT Newswires Live
Oct 16
Transocean (RIG) said late Wednesday early tender results showed about $89.0 million of its 7.35% senior notes due December 2041 was validly tendered in its cash tender offer.
The company said the early results also showed about $120.6 million of its 7.00% notes due June 2028 was validly tendered.
All 2041 notes were fully accepted, while the acceptance for 2028 notes was prorated at about 13.17%, Transocean said.
The company also said it has increased the combined purchase to $100 million from $50 million in the tender offer.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.