Transocean Reports Early Tender Results, Ups Tender Offer

MT Newswires Live
2025/10/16

Transocean (RIG) said late Wednesday early tender results showed about $89.0 million of its 7.35% senior notes due December 2041 was validly tendered in its cash tender offer.

The company said the early results also showed about $120.6 million of its 7.00% notes due June 2028 was validly tendered.

All 2041 notes were fully accepted, while the acceptance for 2028 notes was prorated at about 13.17%, Transocean said.

The company also said it has increased the combined purchase to $100 million from $50 million in the tender offer.

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