Transocean to sell two drillships for $342M, expects $630-645M impairment charge in Q3

Transocean Ltd.

Development Driller III sold for $195M; Discoverer Inspiration sold for $147M; aggregate $342M.
Non-cash impairment charge estimated between $630M and $645M in Q3 2024.
Transactions subject to customary closing conditions, expected to close in Q3 2024.
Substantially all proceeds will be used to repay existing indebtedness.

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