EuropeFinance and InsuranceOffshore
Transocean raises $600m for new drillship
Offshore driller Transocean has closed a $600m note offering, where proceeds will be used to partially finance newbuild drillship Deepwater Thalassa.
The 7.75% senior secured notes, due 2024, will raise net proceeds of $584m for subsidiary Transocean Phoenix 2 Limited to partially finance the vessel, which was delivered by Korea’s DSME in February.
The drillship commenced a 10-year contract with Shell upon delivery, operating in the Gulf of Mexico at a dayrate of $519,000.