Transocean ltd. announces successful court ruling granting its motion for summary judgment and holding internal reorganization did not violate indenture

Steinhausen, switzerland, dec. 17, 2020 (globe newswire) -- transocean ltd. (nyse: rig) announced today that the united states district court for the southern district of new york (the “court”) granted transocean ltd. and transocean inc.'s (together, “transocean”) motion for summary judgment (“summary judgment”) with respect to transocean's counterclaims against funds managed by, or affiliated with, whitebox advisors llc (“whitebox”) seeking declaratory relief regarding the allegations contained in the previously disclosed purported notice of alleged default (the “2027 notes notice”) with respect to transocean's 8.00% senior notes due 2027 (the “2027 guaranteed notes”).
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