---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-25-000064"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2025-07-07T23:59:59+00:00"
generated_at: "2026-05-18T09:16:03.528629+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Transocean amends exchangeable bond agreements to halt transactions below $2.50/share

## Summary
- On July 3, 2025, Transocean amended existing 2025 EB agreements effective July 7.
- Amendment introduces a $2.50 per share limit price for daily transactions.
- Transactions will cease if share price falls below $2.50 for as long as it remains below.
- Applies to certain holders of 4.0% Senior Guaranteed Exchangeable Bonds due 2025.

## SEC filing metadata
- accession: 0001451505-25-000064
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2025-07-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150525000064/0001451505-25-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150525000064/rig-20250707x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-25-000064
- JSON: https://secwatch.observer/filing/0001451505-25-000064.json
- Plain text: https://secwatch.observer/filing/0001451505-25-000064.txt

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