Transocean redeems $165 million in debt ahead of maturity
RIG•Transocean redeemed $165 million of 8% Senior Secured Notes due 2028 in full on October 1, 2026, and expects to save approximately $22 million in interest expense through maturity.
1. Early debt redemption
Transocean used cash on hand and its associated debt service reserve account to repay the principal, call premium and accrued but unpaid interest. The company said the redemption will save approximately $22 million in interest expense through the notes’ maturity.
