Transocean Ltd. closes placement of new shares in the amount of approximately CHF 1.1 billion

 

09.12.2011

 

On 5 December 2011, the world's largest oil drilling contractor, Transocean Ltd., successfully closed the issuance of 29.9 million new shares to refinance, inter alia, the acquisition of Aker Drilling ASA which occurred in September 2011. Credit Suisse Securities (USA) LLC and Barclays Capital Inc. acted as Joint Book-Running Managers and Underwriters in the offering. The new shares were subscribed by Credit Suisse AG who also acted as settlement and listing agent.

Bär & Karrer acted as Swiss legal adviser to the underwriters and Credit Suisse AG. The team included Thomas Reutter, Daniel Raun, Daniel Heiniger, Dominik Fantoni as well as Michael Barrot (tax).

 

 

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