Company: RIG
Filing Date: 2025-09-24
Form Type: 424B5
Source: 0001451505-25-000097
Chunk: 59

Company: Transocean Ltd.
Filing Date: 2025-09-24
Form: 424B5
Chunk 59
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 as of the date on its respective cover page and that any information incorporated by reference into any of the foregoing is accurate only as of the date of such document incorporated by reference. Our business, financial condition, results of operations and prospects may have changed since those dates.

In this prospectus, references to “USD,” “dollars” and “$” are to United States currency, and the terms “United States” and “U.S.” mean the United States of America, its states, its territories, its possessions and all areas subject to its jurisdiction.

Transocean Ltd. and Transocean Inc. are not making an offer to sell securities in any jurisdiction where the offer or sale of such securities is not permitted.

References in this prospectus to “we,” “our,” “us” and similar terms mean Transocean Ltd. and its subsidiaries unless indicated otherwise. References to “issuers” mean Transocean Ltd. and Transocean Inc.

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FORWARD-LOOKING INFORMATION The statements included in this prospectus regarding future financial performance and results of operations and other statements that are not historical facts are forward -looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements in this prospectus are identifiable by use of the following words and other similar expressions:

| ● “anticipates” | ● “could”     | ● “forecasts” | ● “might”    | ● “projects”  |
| ● “believes”    | ● “estimates” | ● “intends”   | ● “plans”    | ● “scheduled” |
| ● “budgets”     | ● “expects”   | ● “may”       | ● “predicts” | ● “should”    |

Such statements are subject to numerous risks, uncertainties and assumptions, including, but not limited to:

| ● | the effects of actions by, or disputes among or between, members of the Organization of Petroleum Exporting Countries and other oil and natural gas producing countries with respect to production levels or other matters related to the prices of oil and natural gas; |

| ● | the adequacy of and access to our sources of liquidity; |

| ● | our inability to renew drilling contracts at comparable, or improved, dayrates and to obtain drilling contracts for our rigs that do not have contracts;