Transocean ltd. announces consent solicitation for 8.375% senior secured notes due 2028

Steinhausen, switzerland, may 01, 2024 (globe newswire) -- transocean ltd. (nyse: rig) announced today that its wholly owned and indirect subsidiary, transocean titan financing limited (the “company” and, together with transocean ltd., “transocean”), is soliciting consents (“consents” and, such solicitation being referred to herein as, the “consent solicitation”) from holders (the “holders”) of its outstanding 8.375% senior secured notes due 2028 (the “notes”) as of 5:00 p.m. new york city time, on april 29, 2024 to effect an amendment to the indenture governing the notes (the “indenture”), as described below, upon the terms and subject to the conditions set forth in the consent solicitation statement, dated may 1, 2024 (as may be amended or supplemented from time to time, the “consent solicitation statement”). the consent solicitation will expire at 5:00 p.m. new york city time, on may 7, 2024 (such time and date, as the same may be extended by the company from time to time, the “expiration date”).
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