Transocean Ltd. (RIG): debt financing — Transocean subsidiary issues $325M 8.000% Senior Secured Notes due 2028 secured by Deepwater Aquila

Transocean Ltd.

Issuer: Transocean Aquila Limited, wholly owned indirect subsidiary of Transocean Ltd.
$325M aggregate principal, 8.000% coupon, maturity 2028; secured by Deepwater Aquila rig and related assets.
Guaranteed jointly by Transocean Ltd., Transocean Inc., and Transocean DWA Limited on a senior basis.
Notes offered under Rule 144A and Regulation S; not registered under the Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Transocean Ltd. incurred senior notes of U.S. $325 million in aggregate principal amount of 8.000% Senior Secured Notes due 2028 at 8.000% maturing due 2028.

Instrument: senior notes
Principal: U.S. $325 million in aggregate principal amount of 8.000% Senior Secured Notes due 2028
Rate: 8.000%
Maturity: due 2028
Event: incurrence

Exact text from the filing

On October 11, 2023, in connection with the closing of the previously announced offering by Transocean Aquila Limited (the “Issuer”), a wholly owned indirect subsidiary of Transocean Ltd. (the “Company”), of U.S. $325 million in aggregate principal amount of 8.000% Senior Secured Notes due 2028 (the “Notes”), the Issuer entered into an indenture (the “Indenture”) with the Company, Transocean Inc. (“TINC”) and Transocean DWA Limited (“TDWA” and, together with TINC and the Company, the “Guarantors”), and Truist Bank, as trustee and collateral agent.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.4

Transocean Ltd. amended senior notes.

Instrument: senior notes
Event: amendment

Exact text from the filing

The description above does not purport to be complete and is qualified in its entirety by the Indenture filed herewith as Exhibit 4.1 to this Current Report on Form 8-K.

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7 debt financings filed in the last 30 days. Browse all debt financings →

Transocean Ltd. filing history →

Source: SEC EDGAR

accession 0001451505-23-000114

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