Past year: ▲ 40%(3.84 – 6.82 USD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Dec 2007capital raising announcement● Neutral
This filing was made only to add exhibits (forms of the supplemental indentures and legal opinions from Baker Botts and Walkers) for the senior and convertible notes offerings already announced. It restates the offering sizes and expected Dec 11, 2007 closing but contains no new terms.
3 Dec 2007capital raising announcement● NeutralMajor
Transocean issued about 315,941,000 ordinary shares in the reclassification and GlobalSantaFe merger, exempt from registration under Section 3(a)(10). It also issued 65,455 shares on conversion of $8,025,000 of Zero Coupon debentures between Nov 10 and 15, 2007. On Nov 15 the remaining $18,000 Zero Coupon and $3,118,000 1.5% debentures were redeemed for $3,130,785, which closes the convertible debenture thread.
14 Nov 2007capital raising announcement▲ GoodMajor
Both Transocean and GlobalSantaFe shareholders approved the proposed merger on November 9, 2007. Completion is still estimated by end of 2007 and still needs certain regulatory clearances and Cayman court approval. Separately, between Oct 27 and Nov 9, 2007 holders converted $150,000 of Zero Coupon and $332,774,000 of 1.5% convertible debentures into 1,223 and 4,613,094 new ordinary shares respectively, which adds shares and reduces that debt.
24 Oct 2007capital raising announcement● NeutralMajor
On October 18, 2007 Transocean exercised its option from the April 2007 Pacific Drilling deal, after obtaining a drilling commitment for one of the two drillships. It paid about $238 million for a 50% interest in the joint venture plus a promissory note from it, representing 50% of the documented drillship costs. From October 18, 2010 Pacific Drilling can exchange its half for Transocean shares or cash (shares capped below 15% of those outstanding), so this could later dilute shareholders.
9 Apr 2001capital raising announcement● NeutralMajor
Transocean sold $700 million of 6.625% notes due 2011 and $600 million of 7.500% notes due 2031 in a private placement that closed April 5, 2001, for expected net proceeds of about $1,283 million. The money is meant to fund R&B Falcon's tender offer for its 11.375% Senior Secured Notes due 2009 and the redemption of its 11% and 12.25% notes due 2006, plus general corporate purposes, so it replaces the debt taken on in the merger with new Transocean debt.
