{"schema_version":"secwatch.filing_event.v1","accession":"0001451505-23-000010","form_type":"8-K","ticker":"RIG","cik":"0001451505","company_name":"Transocean Ltd.","filed_at":"2023-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.061115+00:00","generated_at":"2026-06-20T05:17:38.342022+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Transocean closes $1.175B 8.75% senior secured notes offering, redeems existing notes","bullets":["Issued $1.175B aggregate principal of 8.75% senior secured notes due 2030.","Proceeds used to redeem all outstanding existing secured notes: Thalassa (7.75%), Guardian (5.875%), Proteus (6.25%), Pontus (6.125%).","Redemptions expected to close on February 16, 2023; deposits made with trustee.","Notes guaranteed on senior unsecured basis by Transocean Ltd. and on senior secured basis by limited guarantors up to a cap.","Limited guarantors' caps: $247M (Thalassa), $320M (Guardian), $256M (Proteus), $352M (Pontus)."],"urls":{"canonical":"https://secwatch.observer/filing/0001451505-23-000010","json":"https://secwatch.observer/filing/0001451505-23-000010.json","markdown":"https://secwatch.observer/filing/0001451505-23-000010.md","text":"https://secwatch.observer/filing/0001451505-23-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000010/0001451505-23-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000010/rig-20230131x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T05:17:38.342022+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":"a32c6d26df08a491239e77a12a933732c34edfd6","claim":"Transocean Ltd. incurred senior notes of U.S. $1.175 billion with Truist Bank at 8.75% maturing due 2030.","evidence_excerpt":"On January 31, 2023, in connection with the closing of the previously-announced offering by Transocean Inc. (the “Issuer”), a wholly-owned subsidiary of Transocean Ltd., of U.S. $1.175 billion in aggregate principal amount of 8.75% senior secured notes due 2030 (the “Notes”), the Issuer entered into an indenture (the “Indenture”) with (x) Transocean Ltd., (y) certain of the Issuer’s subsidiaries (the “Limited Guarantors” and together with Transocean Ltd., the “Guarantors”) that guarantee the existing (i) 7.75% Senior Secured Notes due 2024 issued by Transocean Phoenix 2 Limited (the “Thalassa Notes”), (ii) 5.875% Senior Secured Notes due 2024 issued by Transocean Guardian Limited (the “Guardian Notes”), (iii) 6.25% Senior Secured Notes due 2024 issued by Transocean Proteus Limited (the “Proteus Notes”) and (iv) 6.125% Senior Secured Notes due 2025 issued by Transocean Pontus Limited (the “Pontus Notes” and collectively, the “Existing Secured Notes”) and (z) Truist Bank, as trustee and","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000010/0001451505-23-000010-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"U.S. $1.175 billion"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Rate","value":"8.75%"},{"label":"Maturity","value":"due 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3190206b34faf90707f2cf09e9b143b882201d70","claim":"Transocean Ltd. entered into Indenture with Truist Bank valued at $1.175 billion (effective 2023-01-31).","evidence_excerpt":"On January 31, 2023, in connection with the closing of the previously-announced offering by Transocean Inc. (the “Issuer”), a wholly-owned subsidiary of Transocean Ltd., of U.S. $1.175 billion in aggregate principal amount of 8.75% senior secured notes due 2030 (the “Notes”), the Issuer entered into an indenture (the “Indenture”) with (x) Transocean Ltd., (y) certain of the Issuer’s subsidiaries (the “Limited Guarantors” and together with Transocean Ltd., the “Guarantors”) that guarantee the existing (i) 7.75% Senior Secured Notes due 2024 issued by Transocean Phoenix 2 Limited (the “Thalassa Notes”), (ii) 5.875% Senior Secured Notes due 2024 issued by Transocean Guardian Limited (the “Guardian Notes”), (iii) 6.25% Senior Secured Notes due 2024 issued by Transocean Proteus Limited (the “Proteus Notes”) and (iv) 6.125% Senior Secured Notes due 2025 issued by Transocean Pontus Limited (the “Pontus Notes” and collectively, the “Existing Secured Notes”) and (z) Truist Bank, as trustee and","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1451505/000145150523000010/0001451505-23-000010-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Truist Bank"},{"label":"Value","value":"$1.175 billion"},{"label":"Effective","value":"2023-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}