Events
Jenny Speck to Speak at Lockton U.S. Energy Risk Summit
Partner Jenny Speck will speak at Lockton’s U.S. Energy Risk Summit on November 12, 2026, in Houston, Texas. The summit …
November 12, 2026
November 12, 2026 • 1-minute read
Vinson & Elkins represented Citigroup Global Markets Inc. (“Citi”), as the representative of the initial purchasers, in connection with a private offering (the “Offering”) of $1.8 billion aggregate principal amount of senior notes, consisting of $900 million of 8.250% Senior Notes due 2029 (the “2029 Notes”) and $900 million of 8.500% Senior Notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “Notes”) by Transocean Inc. (the “Issuer”), a wholly-owned subsidiary of Transocean Ltd. (NYSE: RIG).
The transaction priced on Thursday, April 11, 2024, and the Offering is expected to close on Thursday, April 18, 2024, subject to customary closing conditions. Vinson & Elkins also advised Citi, as the dealer manager, in connection with the Issuer’s concurrent tender offer to purchase, subject to customary terms and conditions, the Issuer’s outstanding 11.500% Senior Guaranteed Notes due 2027 and 7.250% Senior Notes due 2025.
The Vinson & Elkins team was led by partners Mike Telle and David Stone and counsel Joanna Enns, with assistance from senior associate Markeya Brown and associate Patience Li. Also advising were 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 14 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 www.velaw.com or connect with us on LinkedIn.
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