---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-24-000120"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2024-09-03T23:59:59+00:00"
generated_at: "2026-05-31T06:36:09.751687+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001451505-24-000120
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2024-09-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000120/0001451505-24-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150524000120/rig-20240903x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-24-000120
- JSON: https://secwatch.observer/filing/0001451505-24-000120.json
- Plain text: https://secwatch.observer/filing/0001451505-24-000120.txt

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