Transocean ltd. announces private exchange and purchase of certain existing securities and issuance of new exchangeable bonds and warrants

Steinhausen, switzerland, sept. 13, 2022 (globe newswire) -- transocean ltd. (nyse: rig) (“transocean”) announced today that it has executed privately negotiated exchange and purchase agreements relating to certain of the 0.50% exchangeable senior bonds due 2023 (the “existing exchangeable bonds”) and certain of the 7.25% senior notes due 2025 (the “2025 priority guaranteed notes”) issued by transocean inc., transocean's wholly-owned subsidiary. in aggregate, these transactions provide transocean with an incremental $175 million in liquidity, further improving the flexibility of the company's balance sheet.
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