Transocean Ltd. (RIG) Form 8-K — Oct 15, 2026
$RIGForm 8-KItems 1.01, 2.03, 7.01, 9.01Filed Oct 15, 2026, 5:25 PM ET0001451505-26-000075Original filing
Transocean's subsidiary Transocean International signed an amended and restated credit agreement with Citibank on October 15, 2026, expanding its revolving credit facility to $750 million from $510 million and extending maturity from June 2028 to October 2031. The facility becomes effective only upon closing of the pending Valaris acquisition and satisfaction of secured-facility conditions; lender commitments terminate automatically if conditions are not met by May 9, 2027.
Key figures
- Debt Amount
- $750 million revolving credit facility (up from $510 million)
- Maturity Date
- October 2031 (extended from June 2028)
- Interest savings
- $22 million to maturity
- Leverage covenant max
- 0.60:1.00 indebtedness to total tangible capitalization
- Notes retired principal
- $165 million (8.00% Senior Secured Notes due 2028, retired October 1, 2026)
- Available cash prepayment threshold
- $475,000,000
- Commitment termination outside date
- May 9, 2027
AI analysis
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