R&B Falcon Corporation Announces Unregistered $800 Million Debt Offering

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R&B Falcon Corporation Announces Unregistered $800 Million Debt Offering

    HOUSTON, March 16 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC)
announced today that it proposes to make a private placement of an aggregate
of $800 million of new debt securities.  These securities will be secured
notes in different series having various principal amounts and maturities to
be determined.
    The proposed new debt securities will not be registered under the
Securities Act of 1933, as amended, or any state securities laws and may not
be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.  This press release shall not
constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful.

SOURCE R&B Falcon Corporation

http://www.rbfalcon.com
Company News On-Call:

http://www.prnewswire.com/comp/118988.html or fax,
800-758-5804, ext. 118988
CONTACT:
T. W. Nagle of R&B Falcon Corporation,
281-496-5000