Transocean Ltd.
Transocean Ltd. Announces Issuance of New Shares and Senior Notes
Summary
On June 27, 2024, Transocean Ltd. amended its Articles of Association to reflect the issuance of 55,513,043 new shares at par value for a total consideration of USD 5,551,304.30 to a subsidiary. The new shares were issued pursuant to a share purchase agreement for the acquisition of equity interests in a joint venture. In connection with the agreement, the company also issued USD 130 million in aggregate principal amount of 8.00% Senior Notes due 2027. The issuance and sale of the new shares and notes were made in reliance upon exemptions from the registration requirements of the Securities Act of 1933.
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About Transocean Ltd.
Transocean Ltd. is a leading offshore drilling contractor known for providing services in the exploration and production of oil and natural gas. Its primary function is to offer extensive deepwater and ultra-deepwater drilling capabilities to major oil companies worldwide. Operating one of the most advanced fleets in the industry, Transocean owns and manages a range of drilling rigs, with capabilities to work in harsh environmental conditions and at extreme water depths, showcasing its technological prowess. The company significantly impacts the energy sector, supporting the search for hydrocarbon resources in offshore locations globally. Headquartered in Switzerland, Transocean is a pivotal player in satisfying the global demand for fossil fuels, influencing energy supply chains and economic activities linked to oil markets. Its advanced technological solutions cater to an industry where safety, efficiency, and environmental considerations are paramount, thereby securing its position as a crucial partner for global energy companies.
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