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Diamond Offshore Closes $1 Billion Debt Offer

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November 6, 2013

Diamond Offshore Drilling Inc. (NYSE: DO) completed its public offering of $1 billion senior notes consisting of $250 million 3.45% senior notes due 2023 and $750 million 4.875% senior notes due 2043.

The transaction resulted in net proceeds, after deducting underwriting discounts and estimated expenses payable by the company, of $988.1 million. Net proceeds will be used for general corporate purposes, including the redemption, repurchase or retirement of its 5.15% senior notes due 2014 and 4.875% senior notes due 2015.

J.P. Morgan Securities LLC, Wells Fargo Securities LLC, Citigroup Global ...


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