Transocean prices 125M-share offering at $3.05 per share to repay notes

Transocean Ltd.

Underwriting agreement for public offering of 125M shares at $3.05 per share.
Underwriters exercised 30-day option for extra 18.75M shares in full.
Net proceeds to repay or redeem a portion of $655M 8.00% Senior Notes due Feb 2027.
Offering expected to close September 26, 2025.
Underwriters include Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.

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