On Monday, Shares of Transocean LTD (NYSE:RIG), added 2.57% and closed at $10.38 in the last trading session. The last trading range of the stock ranges between $10.25 and $10.50. The company’s Market capitalization is $3.81 Billion with the total Outstanding Shares of 365.39 million. During the 52-week trading session the minimum price at which share price traded, registered at $7.66 and reached to max level of $17.19. Transocean Ltd. (RIG) declared recently that Transocean Phoenix 2 Limited, one of its wholly-owned indirect auxiliaries (the “Issuer”), has priced an offering of senior secured notes. The Issuer will issue U.S. $600 million in aggregate principal amount of senior secured notes due 2024 (the “Notes”) following Rule 144A/Regulation S to eligible purchasers.
The Notes will be guaranteed by Transocean Ltd., Transocean Inc. and a wholly-owned indirect partner that owns the Deepwater Thalassa. The Notes will be secured by a lien on the Deepwater Thalassa and certain other assets related to the rig.
The Notes will bear interest at the rate of 7.75% per annum and will be callable after October 15, 2020. The offering is expected to close on or about October 19, 2016, subject to customary closing conditions. The Issuer anticipates to receive aggregate net proceeds of about U.S. $583 million from the offering, after deducting the initial purchaser`s discount and estimated offering costs.
Fastenal Company (NASDAQ:FAST), dropped -0.43% and closed at $42.12 in the last trading session. The last trading range of the stock ranges between $42.00 and $42.53. During the 52-week trading session the minimum price at which share price traded, registered at $35.10 and reached to max level of $49.99. Fastenal Company of Winona, MN (FAST) stated the results of the quarter ended September 30, 2016. Except for per share information, or as otherwise noted below, dollar amounts are stated in thousands.
Fastenal is a growth-focused organization and we constantly strive to make investments into the growth drivers of our business. These investments typically center on people. By adding more people over time, we add to our ability to interact with and to serve our customers from our local store and to back them up in some type of support role. In recent years this investment has also centered on more industrial vending devices to serve our customers’ needs on a 24 hours a day, 7 days a week basis.