HOUSTON, Aug. 10 /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 July 8, 1998,
the Company commenced an offer to exchange: 6-1/2% Senior Notes Due 2003,
Series B, for all outstanding 6-1/2% Senior Notes Due 2003, Series A; 6-3/4%
Senior Notes Due 2005, Series B, for all outstanding 6-1/4% Senior Notes Due
2005, Series A; 6.95% Senior Notes Due 2008, Series B, for all outstanding
6.95% Senior Notes Due 2008, Series A; and 7-3/8% Senior Notes Due 2018,
Series B, for all outstanding 7-3/8% Senior Notes Due 2018, Series A. The
original expiration date for the exchange offer was 5:00 P.M., Eastern
Standard Time, on August 7, 1998. The expiration date has been extended to
5:00 P.M., Eastern Standard Time, on August 12, 1998. As of the close of
business on August 7, 1998, senior notes in the following amounts had been
tendered for exchange pursuant to the exchange offer: $250 million in
principal amount of the 6-1/2% Senior Notes Due 2003, Series A; $339 million
in principal amount of 6-3/4% Senior Notes Due 2005, Series A; $250 million in
principal amount of 6.95% Senior Notes Due 2008, Series A; and $250 million in
principal amount of 7-3/8% Senior Notes Due 2018, Series A.
SOURCE R&B Falcon Corporation
 back to top
Related links:
http://www.rbfalcon.com
Company News On-Call: http://www.prnewswire.com or
fax, 800-758-5804, ext. 118988
CONTACT:
Leighton Moss of R&B Falcon Corporation,
281-496-5000
|
