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Transocean unit commences $1.175B senior secured notes offering

Jan. 17, 2023 8:58 AM ETTransocean Ltd. (RIG) StockBy: Mary Christine Joy, SA News Editor9 Comments

Transocean oil rig ships anchored off Elefsina, Greece

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  • Contract drilling services company Transocean Ltd. (NYSE:RIG) unit Transocean Inc. has commenced a $1.175B senior secured notes offering due 2030.
  • The notes will be guaranteed by the parent company and certain of the unit's subsidiaries that guarantee the existing 7.75% senior secured notes due 2024, 5.875% senior secured notes due 2024, 6.25% senior secured notes due 2024 and 6.125% senior secured notes due 2025.
  • Source: Press Release

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