Harneys advises on US$750 million secured notes offering for Transocean

Harneys advised Transocean on its issuance of US$750 million of senior secured notes due 2024 to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be used to refinance existing debt secured by the Songa Encourage and Songa Enabler.

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells.

Harneys’ Cyprus Partner Nancy Erotocritou, who led the deal, commented “We are delighted to have advised Transocean on another significant notes offering”.

Other Harneys lawyers who worked on the deal were senior associates Sonia Hamshaw and Marios Koutsios and associate Stephanie Havatzias.