Skip to content

Transocean Ltd. Announces $325 Million Private Offering

Vinson & Elkins represented Citigroup Global Markets Inc., as representative of the initial purchasers, in connection with an upsized private offering of $325 million aggregate principal amount of 8.000% senior secured notes due 2028 by Transocean Aquila Limited, a wholly owned subsidiary of Transocean Ltd.

The transaction priced on Tuesday, September 26, 2023 and is expected to close on Wednesday, October 11, 2023, subject to customary closing conditions.

The Vinson & Elkins team was led by partners Mike Telle and David Stone and counsel Joanna Enns, with assistance from associates Taylor Kim, Connor Rabalais and Patience Li. Other key team members were partner Tzvi Werzberger, senior associate Kim Dalrymple, and associates Avi Shchigel, Hayley Johnson and Lary Yau; partner John Michael; and partner Wendy Salinas and associate Tyler Underwood.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting or connect with us on LinkedIn.

For more information, please speak with our media contacts.