Transocean Ltd. Announces Amended and Restated Credit Agreement and Redemption of Deepwater Aquila Notes
Globe Newswire•15/10/2026•17:28 ET
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Key Highlights
- ➤Revolving commitments rise to $750 million from $510 million
- ➤Credit facility maturity extends from June 2028 to October 2031
- ➤$165 million Aquila Notes retired using cash and debt service reserve funds
- ➤Aquila Notes retirement expected to save approximately $22 million in interest expense
- ➤Agreement effectiveness depends on closing Transocean’s Valaris acquisition
STEINHAUSEN, Switzerland, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced that its wholly owned subsidiary, Transocean International Limited (the “Company”), entered into an amended and restated credit agreement with Citibank, N.A., as administrative agent and collateral agent, and certain lenders. The effectiveness of the agreement is subject to customary conditions and the closing of Transocean Ltd.’s previously announced acquisition of Valaris Limited.
Upon its effectiveness, the agreement will amend and restate the Company’s existing credit agreement and related revolving credit facility to:
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