floater

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floater

[′flōd·ər]
(oceanography)
(petroleum engineering)
A structure for offshore drilling that is secured to the sea floor only by anchors.
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References in periodicals archive ?
37,125,000 class B floating-rate notes 'AA+' due 2052;
45,000,000 class II floating-rate notes downgraded to 'A' from 'AA'.
100,000,000 class A2 third priority senior secured floating-rate notes due 2042 'AAA';
17,565,000 class C deferrable interest floating-rate notes due September 2047 'A+';
It was incorporated to issue $450,000,000 of floating-rate notes and preferred shares.
160,500,000 Class A-3 Third Priority Senior Floating-Rate Notes Due April 2047 'AAA';
80,500,000 class A-2 second priority senior secured floating-rate notes due 2037 'AAA';
100,000,000 class A-4 fourth priority senior secured floating-rate notes due 2048 'AAA';
38,400,000 class B variable floating-rate notes due 2046 'AA+';
17,100,000 class D floating-rate notes due 2041 'AA-';
48,000,000 class A2 senior secured floating-rate notes due 2045 affirmed at 'AA';
42,750,000 class III floating-rate notes due 2052 'AA';