Transocean calls 6% notes, 7 3/8% notes for redemption on Nov. 16

By Susanna Moon

Chicago, Oct. 18 – Transocean Ltd. issued a call for its 6% senior notes due March 2018 and its 7 3/8% senior notes due April 2018 on Wednesday.

The notes will be redeemed on Nov. 16, according to a company notice.

The company said on Oct. 4 that it planned to redeem the two issues using proceeds from a $750 million offering of new senior notes by subsidiary Transocean Inc.

Transocean is a Houston-based offshore contract driller with a registered office in Zug, Switzerland.

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