By Andrea Heisinger
New York, Oct. 5 - Diamond Offshore Drilling, Inc. priced $500 million of 5.7% 30-year senior unsecured notes on Monday to yield Treasuries plus 175 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa1/A-/) priced at 99.344 to yield 5.746%. They have a make-whole call at Treasuries plus 30 bps.
Bookrunners were Goldman Sachs & Co. and J.P. Morgan Securities Inc.
Co-managers were Comerica Securities, Fortis Securities, HSBC Securities (USA) Inc., Mitsubishi UFJ Securities, Mizuho Securities USA Inc., UniCredit Capital Markets and Wells Fargo Securities.
Proceeds are going to general corporate purposes.
The offshore oil and gas drilling contractor is based in Houston.
| Issuer: | Diamond Offshore Drilling, Inc.
|
| Issue: | Senior unsecured notes
|
| Amount: | $500 million
|
| Maturity: | Oct. 15, 2039
|
| Bookrunners: | Goldman Sachs & Co., J.P. Morgan Securities Inc.
|
| Co-managers: | Comerica Securities, Fortis Securities, HSBC Securities (USA) Inc., Mitsubishi UFJ Securities, Mizuho Securities USA Inc., UniCredit Capital Markets, Wells Fargo Securities
|
| Coupon: | 5.7%
|
| Price: | 99.344
|
| Yield: | 5.746%
|
| Spread: | Treasuries plus 175 bps
|
| Call: | Make-whole at Treasuries plus 30 bps
|
| Trade date: | Oct. 5
|
| Settlement date: | Oct. 8
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: A-
|
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