{"schema_version":"secwatch.filing_event.v1","accession":"0001451505-25-000059","form_type":"8-K","ticker":"RIG","cik":"0001451505","company_name":"Transocean Ltd.","filed_at":"2025-06-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.329283+00:00","generated_at":"2026-05-19T01:10:29.679899+00:00","sec_items":["3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Transocean swaps ~$157M of 2025 exchangeable bonds for equity in private deal","bullets":["TIL subsidiary agreed with holders to exchange ~$157M aggregate principal of 4% exchangeable bonds due 2025 for common shares.","Share count based on 15-day VWAP beginning June 20, 2025; at $3.09/share, ~53M shares would be issued.","Exchange subject to a limit price of $2.63; transactions pause if share price falls below that level.","Issuance exempt under Section 4(a)(2) as a transaction not involving a public offering.","Closing expected by end of the VWAP calculation period, subject to customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001451505-25-000059","json":"https://secwatch.observer/filing/0001451505-25-000059.json","markdown":"https://secwatch.observer/filing/0001451505-25-000059.md","text":"https://secwatch.observer/filing/0001451505-25-000059.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1451505/000145150525000059/0001451505-25-000059-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1451505/000145150525000059/rig-20250620x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T01:10:29.679899+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}