HOUSTON, Nov. 2 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC) (the
"Company") announced that it has closed a public offering of 16,300,000 shares
of its common stock at a price to the public of $24.75 per share, generating
net proceeds of $399.7 million. As a result, the Company has announced that
the financing condition to its tender offer to purchase for cash any and all
of the issued and outstanding shares of its 13 7/8% Senior Cumulative
Redeemable Preferred Stock at a fixed price of $1,300.00 per share has been
satisfied. The tender offer, which commenced on October 27, 2000, will expire
at 5:00 p.m. (Eastern Time) on Wednesday, November 29, 2000, unless it is
extended. The Dealer Managers for the tender offer are Goldman, Sachs & Co.
and Morgan Stanley & Co., Incorporated.
The Offer to Purchase, the Letter of Transmittal and all related materials
for the tender offer are available for free at the Securities and Exchange
Commission's web site at "www.sec.gov". Materials may also be obtained for
free by contacting Georgeson Shareholder Communications, the Information Agent
for the Tender Offer.
Stockholders are encouraged to read carefully the offer to purchase, the
letter of transmittal and all related materials, which contain important
information and describe the tender offer in detail. Such material has been
mailed to all stockholders of record of the preferred stock and made available
for distribution to beneficial owners of the preferred stock.
SOURCE R&B Falcon Corporation
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Related links:
http://www.sec.gov
http://www.rbfalcon.com
Company News On-Call:
http://www.prnewswire.com/comp/118988.html or fax,
800-758-5804, ext. 118988
CONTACT:
Georgeson Shareholder Communications Inc.,
800-223-2064, for R&B Falcon Corporation
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