Transocean (RIG) Prices $525M Secured Notes Offering

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Go back to Transocean (RIG) Prices $525M Secured Notes Offering

Transocean Ltd. Announces Pricing of $525 Million of Secured Notes Due 2028

January 9, 2023 5:27 PM EST

STEINHAUSEN, Switzerland, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Titan Financing Limited (Transocean Titan), a wholly-owned indirect subsidiary of Transocean Ltd., has priced its previously announced offering of U.S. $525 million in aggregate principal amount of senior secured notes due 2028 (the Notes) to eligible purchasers pursuant to Rule 144A/Regulation S.

The Notes will be guaranteed by Transocean Ltd., Transocean Inc., and a wholly-owned indirect subsidiary that owns and initially will operate the Deepwater Titan and will be secured by a lien on the Deepwater Titan and... More