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Transocean Ltd . (NYSE:RIG) announced Monday that it has amended agreements related to its 4.0% Senior Guaranteed Exchangeable Bonds due 2025. According to a statement based on a recent SEC filing, the company’s wholly owned subsidiary, Transocean International Limited, entered into amendments to existing agreements with certain holders of these bonds.
Effective Monday, transactions under these agreements are now subject to a limit price of $2.50 per share for Transocean’s common stock. If the trading price of the shares falls below this limit price, daily transactions under the agreements will be suspended and will remain paused as long as the share price is below $2.50.
The amended agreements were originally entered into on June 19, 2025, and the changes were made on July 3, 2025. The company’s shares are listed on the New York Stock Exchange under the ticker symbol RIG.
This update is based on a press release statement included in Transocean’s Form 8-K filing with the Securities and Exchange Commission.
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