Transocean (NYSE:RIG) intends to offer and sell 100M shares, par value $0.10, in an underwritten public offering.
Transocean intends to use the net proceeds from the offering for the repayment or redemption of indebtedness, including the repayment or redemption of a portion of the $655 million aggregate principal amount of the 8.00% senior notes due February 2027 issued by Transocean International, a wholly owned subsidiary of Transocean.
