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Transocean goes All-In Raising $1.08 billion in Equity and $2.5 billion in Debt
During the last days of November, Transocean Ltd re-jiggered its balance sheet through an equity follow-on offering and the issuance of serial bonds. First up was the follow-on offering for 26 million shares with a green shoe of a further 3.9 million shares. The offering was priced, through an accelerated bookbuilding process, at $40.50/share (based upon an exchange rate of CHF 0.9215/USD), a discount of 11.8% from the prior day’s closing price when the offering was announced.
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Tags: · Aker Drilling ASA, Barclays Capital, Canaccord Genuity, Citigroup, Credit Agricole, Credit Suisse, DnB Markets, Goldman Sachs, J.P. Morgan, Mitsubishi UFJ, Morgan Stanley, Ole Slorer, Scott Burk, Standard Chartered, Transocean Inc., Transocean Ltd, Wells Fargo
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