This press release does not constitute an offer of any securities for sale.

Transocean Sedco Forex expects to offer notes that have the same principal amount, interest rate, redemption terms and payment and maturity date as the R&B Falcon notes sought for exchange. Transocean Sedco Forex also expects to seek amendments to the indentures under which the R&B Falcon notes were issued and to offer a cash payment to holders of R&B Falcon notes accepted for exchange that consent to these amendments. Transocean Sedco Forex plans to file a registration statement in the next few weeks that will include the terms and conditions of the exchange offers.

posted by Administrator at 12:04 am & filed under Euros |