Transocean Announces Exercise of Underwriters' Option to Purchase Additional Shares
Transocean Ltd. /
Transocean Announces Exercise of Underwriters' Option to Purchase Additional
Shares
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The issuer is solely responsible for the content of this announcement.
ZUG, SWITZERLAND--(Marketwire - November 30, 2011) - Transocean Ltd. (NYSE: RIG)
(SIX: RIGN) today announced that the underwriters for Transocean's previously
announced share offering have exercised in full their option to purchase up to
an additional 3,900,000 shares. Including the shares being purchased pursuant to
exercise of this option, Transocean, upon registration of the shares issued in
connection with this option in accordance with Swiss law, will have issued an
aggregate of 29,900,000 shares in the offering, for aggregate gross proceeds of
$1,211 million.
Barclays Capital Inc. and Credit Suisse Securities (USA) LLC acted as joint
book-running managers in the offering.
The shares were offered and sold under a shelf registration statement filed by
Transocean with the Securities and Exchange Commission on September 16, 2010,
which became automatically effective.
Copies of the preliminary prospectus supplement for the offering may be obtained
on the website of the Securities and Exchange Commission, www.sec.gov, or by
contacting Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, New York, NY 11717, via telephone at 1-888-603-5847, or by e-
mailing: Barclaysprospectus@broadridge.com or Credit Suisse Securities (USA)
LLC, Prospectus Department, at One Madison Avenue, New York, New York 10010, or
by telephone at (800) 221-1037, or by email: newyork.prospectus@credit-
suisse.com.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. This offering may only be made by
means of a prospectus supplement and related base prospectus.
Forward-Looking Statements
Statements included in this news release regarding the use of proceeds, number
of shares and other aspects of the proposed offering are forward-looking
statements that involve certain assumptions. These statements involve risks and
uncertainties including, but not limited to, market conditions, closing
conditions, Transocean's results of operations and other factors detailed in
"Risk Factors" and elsewhere in Transocean's filings with the Securities and
Exchange Commission. Should one or more of these risks or uncertainties
materialize (or the other consequences of such a development worsen), or should
underlying assumptions prove incorrect, actual outcomes may vary materially from
those forecasted or expected. Transocean disclaims any intention or obligation
to update publicly or revise such statements, whether as a result of new
information, future events or otherwise.
About Transocean
Transocean is the world's largest offshore drilling contractor and the leading
provider of drilling management services worldwide. With a fleet of 135 mobile
offshore drilling units, excluding two Ultra-Deepwater Drillships and four High-
Specification Jackups under construction, Transocean's fleet is considered one
of the most modern and versatile in the world due to its emphasis on technically
demanding segments of the offshore drilling business. Transocean owns or
operates a contract drilling fleet of 50 High-Specification Floaters (Ultra-
Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25
Midwater Floaters, nine High-Specification Jackups, 50 Standard Jackups and one
swamp barge.
Notice to Swiss Investors
This document does not constitute an offer to buy or to subscribe for securities
of Transocean nor a prospectus within the meaning of applicable Swiss law. The
prospectus and prospectus supplement for this offering are available in
Switzerland free of charge from Credit Suisse AG, Zurich, Switzerland (Facsimile
+41 44 333 35 93, E-mail: equity.prospectus@credit-suisse.com). Investors are
advised to consult their bank or financial adviser before making any investment
decision.
Notice to Investors in the European Economic Area
In any EEA Member State that has implemented Directive 2003/71/EC (such
Directive and amendments thereto, including Directive 2010/73/EU, to the extent
implemented in each relevant Member State, together with any applicable
implementing measures in the relevant home Member State, the "Prospectus
Directive"), this communication is only addressed to and directed at qualified
investors in that Member State within the meaning of the Prospectus Directive.
Notice to Investors in the United Kingdom
This communication is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or (iii) high net worth
companies, and other persons to whom it may lawfully be communicated, falling
within Article 49(2)(a) to (d) of the Order (all such persons together being
referred to as "relevant persons"). The shares are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire such
shares will be engaged in only with, relevant persons. Any person who is not a
relevant person should not act or rely on this document or any of its contents.
Stabilisation/FSA
Analyst Contacts:
Thad Vayda
+1 713-232-7551
Chris Kettmann
+1 713-232-7420
Media Contact:
Guy A. Cantwell
+1 713-232-7647
--- End of Message ---
Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland
ISIN: CH0048265513;
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originality of the information contained therein.
Source: Transocean Ltd. via Thomson Reuters ONE
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