Transocean Ltd.
Transocean Ltd. Announces Tender Offer Results and Upsizing
Summary
On October 15, 2025, Transocean Ltd. announced the early results and early settlement date for its cash tender offer to purchase up to an aggregate principal amount of its outstanding 7.35% Senior Notes due 2041 and 7.00% Notes due 2028 for a combined aggregate purchase price of up to $100 million. As of the Early Tender Date, $88,998,000 aggregate principal amount of the 2041 Notes and $120,628,000 aggregate principal amount of the 2028 Notes were validly tendered. The Company accepted for payment all such 2041 Notes validly tendered and not validly withdrawn. The Company will accept for purchase all such 2028 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date on a pro rata basis. The Total Tender Offer Consideration plus accrued and unpaid interest for the Notes that were validly tendered and not validly withdrawn in the Tender Offer prior to the Early Tender Date and accepted for purchase by the Company will be paid by the Company in same-day funds on October 16, 2025. Additionally, on the same date, Transocean International Limited, a wholly owned subsidiary of Transocean Ltd., entered into an indenture for the issuance of $500 million in 7.875% Senior Priority Guaranteed Notes due 2032. The Notes will be fully and unconditionally guaranteed, jointly and severally, by the Guarantors on a senior unsecured basis.
Profitelligence Alerts
Get alerts for RIG
Be first to know when Transocean Ltd. files with the SEC.
Filing Categories
Advertisement
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.
Official SEC Documents
Advertisement