Transocean Ltd. Announces Share Transactions for $39.7 Million Exchange of 2025 Bonds
On August 11, 2025, Transocean Ltd. announced that its subsidiary, Transocean International Limited, entered into agreements with certain holders of its 4.0% Senior Guaranteed Exchangeable Bonds due 2025. These agreements involve exchanging approximately $39.7 million in bonds for shares of the company. The number of shares, known as the "Consideration Shares," will be determined based on the volume-weighted average price per share over a five trading day period. If the average price is $3.10, roughly 13.3 million shares will be issued. Transactions will cease if the share price falls below $2.50.
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: 0001451505-25-000084), on August 11, 2025, and is solely responsible for the information contained therein.
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