Transocean Ltd. Announces Pricing of $525 Million of Secured Notes

Vinson & Elkins advised initial purchasers in connection with Transocean Titan Financing Limited’s, a wholly-owned indirect subsidiary of Transocean Ltd., offering of $525 million in aggregate principal amount of senior secured notes due 2028.

The offering is expected to close on January 17, 2023, subject to customary closing conditions.

The Vinson & Elkins corporate team was led by partners Mike Telle and David Stone and counsel Joanna Enns, with assistance from associates Markeya Brown, Taylor Kim and Patience Li. Also advising were partner Tzvi Werzberger, senior associate Kim Dalrymple, and associates Coral O’Connor and Lary Yau; partner John Michael and associate Hunter Michielson; partner Wendy Salinas and associate Tyler Underwood; counsels Brian Howard and Elizabeth McIntyre and associate Pete Thomas.

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