Transocean Ltd. announced the pricing of an underwritten public offering of 125,000,000 shares at $3.05 per share, with gross proceeds expected to be approximately $381,250,000. The offering has been increased from the original 100,000,000 shares proposed. The offering is expected to close on September 26, 2025. Citigroup and Morgan Stanley are acting as joint book-running managers for the offering, with other institutions involved as well. Transocean plans to use the net proceeds for debt repayment and general corporate purposes. The offering is made under a shelf registration statement filed with the SEC. No promotional content included.

Read more at GlobeNewswire: Transocean Ltd. Announces Pricing of Upsized Public