Transocean subsidiary amends 2028 notes indenture via consent solicitation; $3.5M payment made

Transocean Ltd.

99% of noteholders consented to amendment of 8.375% Senior Secured Notes due 2028.
Amendment annualizes Collateral Rig Net Income calculation; first test date Sept 30, 2024.
Consent payment of $3.5M delivered to consenting holders on May 8, 2024.
Indenture amended to specify calculation period for Collateral Rig Leverage Ratio test.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Transocean Ltd. amended Supplemental Indenture with Truist Bank (effective 2024-05-08).

Action: amendment
Agreement: notes offering
Counterparty: Truist Bank
Effective: 2024-05-08

Exact text from the filing

On May 8, 2024, Transocean Titan Financing Limited (the “Company”), the guarantors named therein and Truist Bank, as trustee and collateral agent, entered into the first supplemental indenture (the “Supplemental Indenture”) to the indenture (the “Indenture”) governing the Company’s 8.375% Senior Secured Notes due 2028 (the “Notes”).

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

Transocean Ltd. filing history →

Source: SEC EDGAR

accession 0001451505-24-000059

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.