Transocean announces redemption of all 1.5% convertibles due 2037

By Tali David

Minneapolis, Jan. 7 - Transocean Inc. called all $61,979,000 of its 1.5% series C convertible senior notes due 2037, according to a press release.

The convertibles will be redeemed at par plus accrued interest on Feb. 7.

Transocean, a wholly owned subsidiary of Transocean Ltd., is a Vernier, Switzerland-based oil and gas offshore drilling services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.