Transocean Ltd. Engages in Share Transactions for $157 Million Bond Exchange
On June 20, 2025, Transocean Ltd. announced that its subsidiary, Transocean International Limited, entered into agreements with holders of its 4.0% Senior Guaranteed Exchangeable Bonds due 2025. Approximately $157 million of these bonds will be exchanged for shares of Transocean Ltd., with the number of shares determined based on the daily volume-weighted average price per share over a fifteen trading day period starting June 20, 2025. For illustrative purposes, if the average price remains at $3.09, about 53 million shares would be issued. The transactions will cease if the share price falls below a limit price of $2.63.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transocean Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001451505-25-000059), on June 20, 2025, and is solely responsible for the information contained therein.
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