Transocean Ltd. (RIG), Tuesday announced that its subsidiary Transocean International Limited, a Bermuda exempted company limited by shares, commenced a private offering of $500 million aggregate principal amount of Senior Priority Guaranteed Notes due 2032 .
The company intends to use the proceeds, along with certain restricted cash amounts, to refinance, repay or redeem the remaining principal amount of outstanding 8 percent Senior Notes due February 2027, and the principal amount of outstanding 6.875 percent Senior Secured Notes due 2027.
Also, it plans to use the proceeds to fund its offer to purchase for cash up to a combined aggregate purchase price of $50 million of outstanding 7.35 percent Senior Notes due December 2041.
Currently, RIG is trading at $3.05, down 1.9 percent on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.