Transocean calls $207 million of 4.95% notes due 2015 via make-whole

By Susanna Moon

Chicago, Oct. 9 – Transocean Ltd.’s wholly owned subsidiary Transocean Inc. called $207 million principal amount of its $1.1 billion 4.95% senior notes due 2015, according to an 8-K filing with the Securities and Exchange Commission.

The company will pay a make-whole premium for the notes plus accrued interest up to but excluding the redemption date of Nov. 17.

Wells Fargo Bank, NA is the trustee.

Transocean is an offshore oil and drilling contractor based in Zug, Switzerland.

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