Transocean Ltd. Announces Public Offering of Shares - Transocean (NYSE:RIG)

Core Viewpoint - Transocean Ltd. plans to offer and sell 100,000,000 shares in an underwritten public offering, with an additional option for underwriters to purchase up to 15,000,000 shares [1][2]. Group 1: Offering Details - The shares are being offered at a par value of $0.10, and the offering is part of a shelf registration statement filed with the SEC [1][4]. - Citigroup and Morgan Stanley are acting as joint book-running managers for the offering [2]. - The net proceeds from the offering will primarily be used for the repayment of a portion of the $655 million aggregate principal amount of the 8.00% Senior Notes due February 2027 [3]. Group 2: Company Overview - Transocean is a leading international provider of offshore contract drilling services, focusing on ultra-deepwater and harsh environment drilling [6]. - The company operates a fleet of 27 mobile offshore drilling units, including 20 ultra-deepwater floaters and seven harsh environment floaters [7].