Company: RIG
Filing Date: 2025-09-24
Form Type: 424B5
Source: 0001451505-25-000097
Chunk: 93

Company: Transocean Ltd.
Filing Date: 2025-09-24
Form: 424B5
Chunk 93
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 Ltd., debt securities of Transocean Inc. or other securities or any combination of the foregoing. We may issue warrants independently or together with other securities, and warrants sold with other securities may be attached to or separate from the other securities. Warrants will be issued under one or more warrant agreements between us and a warrant agent that we will name in the prospectus supplement. We have summarized selected provisions of the warrants and the warrant agreements below. If we offer any warrants, we will file the form of any warrant certificate and warrant agreement with the SEC, and you should read the warrant certificate and warrant agreement for provisions that may be important to you. The prospectus supplement relating to any warrants being offered will describe the warrants and include specific terms relating to the offering. The prospectus supplement will include some or all of the following:

| ● | the title of the warrants; |

| ● | the aggregate number of warrants offered; |

| ● | the designation, number and terms of the shares of Transocean Ltd., debt securities of Transocean Inc. or other securities purchasable upon exercise of the warrants, and procedures that will result in the adjustment of those numbers; |

| ● | the amount of warrants outstanding; |

| ● | the exercise price of the warrants, and provisions for changes to or adjustments in the exercise price; |

| ● | the dates or periods during which the warrants are exercisable; |

| ● | the designation and terms of any securities with which the warrants are issued; |

| ● | if the warrants are issued as a unit with another security, the date on and after which the warrants and the other security will be separately transferable; |

| ● | if the exercise price is not payable in U.S. dollars, the foreign currency, currency unit or composite currency in which the exercise price is denominated; |

| ● | any minimum or maximum amount of warrants that may be exercised at any one time; |

| ● | any terms, procedures and limitations relating to the transferability, exchange or exercise of the warrants; or |

| ● | any other terms of the warrants. |

Warrant certificates will be exchangeable for new warrant certificates of different denominations at the office indicated in the prospectus supplement. Prior to the exercise of their warrants, holders of warrants will not have any of the rights of holders of the securities subject to the warrants. Modifications We may amend the warrant agreements and the warrants, without the consent of the holders of the warrants, to cure any ambiguity, to cure, correct