HOUSTON, Oct. 27 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC) today
announced that it has entered into an underwriting agreement with Goldman,
Sachs & Co. to sell 16,300,000 shares of its common stock at a price of
$24.75 per share, less an underwriting discount of $0.20 per share, under its
effective universal shelf registration statement. The Company anticipates
that the underwritten offering will be completed on October 31, 2000. The
Company intends to use the net proceeds of the offering to fund the purchase
of shares of its 13 7/8% Senior Cumulative Redeemable Preferred Stock or for
general corporate purposes.
The common stock will be sold pursuant to a prospectus meeting the
requirements of the Securities Act of 1933. 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.
Copies of the prospectus describing this transaction may be obtained at no
cost from the underwriter, Goldman, Sachs & Co. Interested parties should
contact the underwriter at Goldman, Sachs & Co., Prospectus Department,
85 Broad Street, New York, New York 10004, telephone (212) 902-1171 or
(212) 902-1172.
SOURCE R&B Falcon Corporation
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Related links:
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
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