Eddie Kim

Arun Jayaram

Fredrik Stene

Gregory Lewis

Kurt Hallead

Noel Parks

David Smith

Douglas Becker

Josh Jayne

Scott Gruber

- Transocean Ltd. priced an underwritten public offering of **125,000,000 shares** at **$3.05 per share**, an increase from the originally proposed 100,000,000 shares.  **[1451505_0001451505-25-000099_rig-20250924x8k.htm:1]** **[1451505_0001451505-25-000099_rig-20250924xex99d1.htm:1]** 
- The offering is expected to generate approximately **$381,250,000** in gross proceeds for Transocean, with underwriters having an option to purchase up to an additional **18,750,000 shares**.  **[1451505_0001451505-25-000099_rig-20250924x8k.htm:1]** **[1451505_0001451505-25-000099_rig-20250924xex99d1.htm:1]** 
- The net proceeds are intended for the **repayment or redemption of indebtedness**, specifically a portion of the **$655 million aggregate principal amount of 8.00% Senior Notes due February 2027**.  **[1451505_0001451505-25-000099_rig-20250924xex99d1.htm:1]** 
- The offering is anticipated to close on **September 26, 2025**.  **[1451505_0001451505-25-000099_rig-20250924xex99d1.htm:1]**

Transocean Ltd. Announces Pricing of Upsized Public Offering of Shares

- Transocean Ltd. announced its intention to offer and sell **100,000,000 shares** in an underwritten public offering.  **[1451505_0001451505-25-000096_rig-20250924x8k.htm:1]** **[1451505_0001451505-25-000096_rig-20250924xex99d1.htm:1]** 
- The company also expects to grant the underwriters a 30-day option to purchase up to an additional **15,000,000 shares**.  **[1451505_0001451505-25-000096_rig-20250924x8k.htm:1]** **[1451505_0001451505-25-000096_rig-20250924xex99d1.htm:1]** 
- The net proceeds from the offering are primarily intended for the **repayment or redemption of indebtedness**, specifically a portion of the **$655 million aggregate principal amount of the 8.00% Senior Notes due February 2027**.  **[1451505_0001451505-25-000096_rig-20250924xex99d1.htm:1]** 
- Any proceeds from the offering not used for debt repayment will be allocated to general corporate purposes.  **[1451505_0001451505-25-000096_rig-20250924xex99d1.htm:1]**

Transocean Ltd. Announces Public Offering of Shares

Transocean (RIG)