Transocean (RIG) retired the 8.375% Senior Secured Notes due 2028 in full on March 20, 2026. The outstanding principal amount of $358M, plus a call premium and accrued but unpaid interest, was settled using cash on hand and funds from the associated debt service reserve account. Interest expense savings to maturity is approximately $39M. Transocean currently expects to retire a total of $0.75B of debt in 2026.
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