UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): February 18, 2005
TRANSOCEAN INC.
(Exact name of registrant as specified in its charter)
CAYMAN ISLANDS 333-75899 66-0582307
----------------------------------------- ------------------------------------ -------------------------------------
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
4 GREENWAY PLAZA
HOUSTON, TEXAS 77046
(Address of principal executive offices and zip code)
Registrant's telephone number, including area code: (713) 232-7500
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
1
ITEM 8.01. OTHER EVENTS.
On February 18, 2005, Transocean Inc. (the "Company") issued a press release
announcing its intention to redeem all of its 6.95% Senior Notes due April 2008
on March 21, 2005. The face value of the notes is $247.8 million, and the cost
to redeem the notes is expected to be approximately $279.8 million, including
accrued and unpaid interest. A complete copy of the press release is attached
hereto as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
The following exhibit is furnished pursuant to Item 8.01:
EXHIBIT NUMBER DESCRIPTION
-------------- -----------
99.1 Transocean Inc. Press Release dated February 18, 2005
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TRANSOCEAN INC.
Date: February 22, 2005 By: /s/ Eric B. Brown
----------------------------------
Name: Eric B. Brown
Title: Senior Vice President, General
Counsel and Corporate Secretary
3
INDEX TO EXHIBITS
Exhibit Number Description
-------------- -----------
99.1 Transocean Inc. Press Release dated February 18, 2005