November 29, 2016 / 9:50 PM / a year ago

BRIEF-Transocean Ltd says unit has priced an offering of senior secured notes

Nov 29 (Reuters) - Transocean Ltd

* On Nov 29, announced that Transocean Proteus Limited, its wholly-owned indirect unit, has priced an offering of senior secured notes

* Issuer will issue $625 million in aggregate principal amount of senior secured notes due 2024

* Notes will bear interest at rate of 6.25% per annum and will be callable on or after December 1, 2020

* Net proceeds from notes will be used primarily for purpose of partially financing construction of Deepwater Proteus Source text for Eikon: Further company coverage:

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