Transocean prices upsized 125M share offering at $3.05/share for ~$381M gross proceeds

Transocean Ltd.

Offering upsized to 125M shares from 100M; price $3.05 per share.
Gross proceeds expected ~$381.25M before underwriting discounts and expenses.
Underwriters granted 30-day option for up to 18.75M additional shares.
Net proceeds to repay or redeem a portion of $655M 8.00% Senior Notes due 2027.
Offering expected to close September 26, 2025; Citigroup and Morgan Stanley lead.

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