Company: RIG
Filing Date: 2025-09-26
Form Type: 424B5
Source: 0001451505-25-000102
Chunk: 43

Company: Transocean Ltd.
Filing Date: 2025-09-26
Form: 424B5
Chunk 43
---
 any ordinary shares in the United States unless it is through one or more U.S. registered broker-dealers as permitted by the regulations of FINRA (as defined below). The underwriters and the representatives are collectively referred to as the “underwriters” and the “representatives,” respectively. The underwriters are offering the shares subject to their receipt and acceptance of the shares from us and subject to prior sale, and the underwriters’ right to reject any order in whole or in part. The underwriting agreement provides that the obligations of the several underwriters to pay for and accept delivery of the shares offered by this prospectus supplement are subject to the approval of certain legal matters by their counsel and to certain other conditions. The underwriters are obligated to take and pay for all of the shares offered by this prospectus supplement if any such shares are taken. However, the underwriters are not required to take or pay for the shares covered by the underwriters’ option to purchase additional shares described below. An affiliate of one of our directors, Frederik Mohn, has provided an indication of interest in purchasing up to an aggregate of 4,000,000 shares from the underwriters at the public offering price. The number of our shares available for sale to the public will be reduced to the extent such person purchases such shares. The underwriters will not receive any underwriting discounts or commissions on any shares sold to any affiliate of Frederik Mohn. The indication of interest is not a commitment to purchase, and such person is not obligated to purchase any of our shares in this offering. The underwriters initially propose to offer part of the shares directly to the public at the offering price listed on the cover page of this prospectus supplement and part to certain dealers at a price that represents a concession not in excess of $0.0732 per share under the public offering price. After the initial offering of the shares, the offering price and other selling terms may from time to time be varied by the representatives. The Company has granted to the underwriters an option, exercisable for 30 days from the date of this prospectus supplement, to purchase an additional 18,750,000 shares at the public offering price listed on the cover page of this prospectus supplement, less underwriting discounts and commissions. To the extent the option is exercised, each underwriter will become obligated, subject to certain conditions, to purchase about the same percentage of the additional shares as the number listed next to the underwriter’s name in the preceding table bears to the total number