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R&B Falcon Corporation Announces $400 Million Senior Note Issuance
 
    HOUSTON, Dec. 22 /PRNewswire/ -- R&B Falcon Corporation (NYSE: FLC)
announced today that it had completed a private placement of $400 million of
senior unsecured notes, consisting of $100 million of 9-1/8% notes maturing
December 15, 2003 and $300 million of 9-1/2% notes maturing December 15, 2008.
The proceeds of the notes will be used to repay existing bank debt, for
planned capital expenditures, and for general corporate purposes.
SOURCE R&B Falcon Corporation



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    281-496-5000
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