Transocean raises $1.2bn
Joint bookrunners Barclays Capital and Credit Suisse completed a $1.2bn accelerated bookbuild of new Transocean shares on Tuesday. The US and Swiss-listed company sold 8.9% of its existing share capital to help refinance its acquisition of Aker Drilling.
The deal, for 26m shares in the base deal and 3.9m shares in the greenshoe, was priced at $40.50 or Sfr37.32 a share. That was a 2.7% discount to Tuesdays US close which was a seven-year low. The shares traded up to $41.63 on Wednesday.
The greenshoe was
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