Transocean plans 100M-share offering, proceeds to repay $655M notes due 2027

Transocean Ltd.

Offering 100M shares (par $0.10) with underwriter option for 15M more; Citigroup and Morgan Stanley book-running.
Net proceeds to repay or redeem portion of $655M 8.00% Senior Notes due February 2027 issued by Transocean International Ltd.
Remaining proceeds, if any, for general corporate purposes; shelf registration effective July 1, 2024.
Offering subject to market conditions and SEC review; no assurance of completion or final terms.

item 7.01item 9.01

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