by Amruth Sundarkumar | Oct 4, 2022 | Corporates, Credit Ratings
Transocean, the American offshore driller was downgraded to SD by S&P after completing a series of distressed debt exchanges. S&P views the exchange as tantamount to default. It was downgraded to CC from CCC- when it had initially made the offer to its...
by Megha Malhotra | Aug 31, 2021 | High Yield Bonds
American offshore drilling company Transocean announced that BOE Exploration & Production LLC (BOE) has awarded Transocean a contract worth $252mn for its new-build ultra-deepwater drillship, the Deepwater Atlas, which includes a mobilization fee of $30mn. In...
by Amruth Sundarkumar | Jun 16, 2021 | High Yield Bonds
Transocean, an offshore drilling services provider, plans to sell new shares to reduce its debt and raise additional cash. Its shares have gained 75% to $4/share due to the meme-stock frenzy and oil prices rising 40% since last October. According to a filing on...
