Transocean ltd. announces the pricing terms of pending tender offer

Steinhausen, switzerland, april 17, 2024 (globe newswire) -- transocean ltd. (nyse: rig) announced today the pricing terms of the previously announced cash tender offer by transocean inc., its wholly owned subsidiary (the “company” and, together with transocean ltd., “transocean”), for any and all of the company's outstanding 11.50% senior guaranteed notes due 2027 (the “2027 notes”) from holders thereof (each, a “holder” and collectively, the “holders”). the cash tender offers previously announced for the 2027 notes and the 7.25% senior notes due 2025 (collectively, the “notes”) were made pursuant to an offer to purchase, dated april 11, 2024 (the “offer to purchase”). the offers to purchase for cash the notes (the “offers”) will expire at 5:00 p.m., new york city time, today, april 17, 2024, unless extended (such date and time, as may be extended, the “expiration date”), or unless earlier terminated.
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