WASHINGTON (dpa-AFX) - Transocean Ltd. (RIG) announced that Transocean
Aquila, an indirect subsidiary, commenced a private offering of $300 million in
aggregate principal amount of senior secured notes due 2028 to eligible
purchasers. The company said the Notes will be guaranteed by Transocean Ltd.,
Transocean Inc., and a wholly-owned indirect subsidiary that initially will own
the Deepwater Aquila and will be secured by a lien on the Deepwater Aquila and
certain other assets related to the rig.

Transocean plans to use the net proceeds to partially finance the construction,
acquisition and improvement or alteration of the Deepwater Aquila and to fund
the initial debt service reserve.



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