R&B Falcon Corporation Announces Extension Of Expiration Date of Senior Note Exchange Offer

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R&B Falcon Corporation Announces Extension Of Expiration Date of Senior Note Exchange Offer

    HOUSTON, June 14 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC) today
announced that it has extended the expiration date of its currently pending
exchange offer with respect to certain of its senior notes.  On May 10, 1999,
the Company commenced an offer to exchange 9 1/8% Series B Senior Notes due
2003 for all outstanding 9 1/8% Series A Senior Notes due 2003 and 9 1/2%
Series B Senior Notes due 2008 for all outstanding 9 1/2% Series A Senior
Notes due 2008.  The original expiration date for the exchange offer was
5:00 P.M., New York City time, on June 11, 1999.  The expiration date has been
extended to 5:00 P.M., New York City time, on June 15, 1999.

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:
Charles R. Ofner of R&B Falcon Corporation,
281-496-5000