{"schema_version":"secwatch.filing_event.v1","accession":"0001451505-23-000008","form_type":"8-K","ticker":"RIG","cik":"0001451505","company_name":"Transocean Ltd.","filed_at":"2023-01-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.060805+00:00","generated_at":"2026-06-20T14:39:55.185940+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Transocean subsidiary issues $525M 8.375% senior secured notes due 2028","bullets":["Issued $525M in 8.375% senior secured notes due 2028 by wholly-owned subsidiary Transocean Titan Financing Limited.","Notes are secured by a lien on the Deepwater Titan rig and certain related assets.","Guaranteed on a senior basis by Transocean Ltd., Transocean Inc., and Triton Titan GmbH.","Offered privately under Rule 144A and Regulation S; not registered under the Securities Act."],"urls":{"canonical":"https://secwatch.observer/filing/0001451505-23-000008","json":"https://secwatch.observer/filing/0001451505-23-000008.json","markdown":"https://secwatch.observer/filing/0001451505-23-000008.md","text":"https://secwatch.observer/filing/0001451505-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000008/0001451505-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000008/rig-20230117x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T14:39:55.185940+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1dc425a340e38445d54969b151bb6bbaccbbc85e","claim":"Transocean Ltd. incurred senior notes of U.S. $525 million in aggregate principal amount with Truist Bank at 8.375% maturing due 2028.","evidence_excerpt":"with the closing of the previously-announced offering by Transocean Titan Financing Limited (the “Issuer”), a wholly-owned indirect subsidiary of Transocean Ltd., of U.S. $525 million in aggregate principal amount of 8.375% senior secured notes due 2028 (the “Notes”), the Issuer entered into an indenture (the “Indenture”) with Transocean Ltd., Transocean Inc.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000008/0001451505-23-000008-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"U.S. $525 million in aggregate principal amount"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Rate","value":"8.375%"},{"label":"Maturity","value":"due 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d4dd616d10f718aceaada12ac52908bc535daf93","claim":"Transocean Ltd. entered into Indenture with Truist Bank valued at U.S. $525 million aggregate principal amount of 8.375% senior secured notes due 2028 (effective 2023-01-17).","evidence_excerpt":"On January 17, 2023, in connection with the closing of the previously-announced offering by Transocean Titan Financing Limited (the “Issuer”), a wholly-owned indirect subsidiary of Transocean Ltd., of U.S. $525 million in aggregate principal amount of 8.375% senior secured notes due 2028 (the “Notes”), the Issuer entered into an indenture (the “Indenture”) with Transocean Ltd., Transocean Inc. (“TINC”) and Triton Titan GmbH (collectively, the “Guarantors”) and Truist Bank, as trustee and collateral agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000008/0001451505-23-000008-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Value","value":"U.S. $525 million aggregate principal amount of 8.375% senior secured notes due 2028"},{"label":"Effective","value":"2023-01-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}