secwatch.observer — SEC 8-K summary
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Issuer:     Transocean Ltd. (RIG)
CIK:        0001451505
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001451505-24-000059
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451505/000145150524000059/0001451505-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451505/000145150524000059/rig-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001451505-24-000059

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