---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-24-000059"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:39:08.966172+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001451505-24-000059
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000059/0001451505-24-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000059/rig-20240508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-24-000059
- JSON: https://secwatch.observer/filing/0001451505-24-000059.json
- Plain text: https://secwatch.observer/filing/0001451505-24-000059.txt

## Key facts
- Material Agreements
  Transocean Ltd. amended Supplemental Indenture with Truist Bank (effective 2024-05-08).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Truist Bank
  - Effective: 2024-05-08
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000059/0001451505-24-000059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.