---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-25-000104"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2025-09-26T23:59:59+00:00"
generated_at: "2026-05-17T05:33:17.151408+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001451505-25-000104
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2025-09-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150525000104/0001451505-25-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150525000104/rig-20250925x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-25-000104
- JSON: https://secwatch.observer/filing/0001451505-25-000104.json
- Plain text: https://secwatch.observer/filing/0001451505-25-000104.txt

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