Transocean Ltd. Announces Amended and Restated Credit Agreement and Redemption of Deepwater Aquila Notes
Transocean's subsidiary entered an amended and restated credit agreement extending the revolver maturity from June 2028 to October 2031 and upsizing commitments to $750 million from $510 million. The facility was oversubscribed in syndication, and its effectiveness remains subject to closing of the previously announced Valaris acquisition.
Key figures
- Facility maturity new
- October 2031
- Facility maturity prior
- June 2028
- Notes retired principal
- 165000000
- Interest expense savings
- approximately $22 million
- Revolving commitments new
- 750000000
- Revolving commitments prior
- 510000000
AI analysis
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