Company: RIG
Filing Date: 2025-09-26
Form Type: 424B5
Source: 0001451505-25-000102
Chunk: 67

Company: Transocean Ltd.
Filing Date: 2025-09-26
Form: 424B5
Chunk 67
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 otherwise set forth in the applicable prospectus supplement, Transocean Ltd.’s guarantee of the Transocean Inc. senior debt securities will be an unsecured obligation of Transocean Ltd. and will rank equally with all of its other unsecured and unsubordinated debt. Unless otherwise set forth in the applicable prospectus supplement, Transocean Ltd.’s guarantee of the Transocean Inc. subordinated debt securities will be an unsecured obligation of Transocean Ltd., subordinated in right of payment to the prior payment in full of all Transocean Ltd. senior debt. Terms. The prospectus supplement relating to any series of debt securities being offered will include specific terms relating to the offering. These terms will include some or all of the following:

| ● | whether the debt securities will be senior or subordinated debt securities; |

| ● | the title of the debt securities; |

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| ● | the total principal amount of the debt securities; |

| ● | whether the debt securities will be issued in individual certificates to each holder or in the form of temporary or permanent global debt securities held by a depositary on behalf of holders; |

| ● | the date or dates on which the principal of and any premium on the debt securities will be payable; |

| ● | any interest rate, the date from which interest will accrue, interest payment dates and record dates for interest payments; |

| ● | any right to extend or defer the interest payment periods and the duration of the extension; |

| ● | whether and under what circumstances any additional amounts with respect to the debt securities will be payable; |

| ● | the place or places where payments on the debt securities will be payable; |

| ● | any provisions for optional redemption or early repayment; |

| ● | any sinking fund or other provisions that would require the redemption, purchase or repayment of debt securities; |

| ● | the denominations in which the debt securities will be issued, if other than denominations of $1,000 and integral multiples thereof; |

| ● | whether payments on the debt securities will be payable in foreign currency or currency units or another form and whether payments will be payable by reference to any index or formula; |

| ● | the portion of the principal amount of debt securities that will be payable if the maturity is accelerated, if other than the entire principal amount; |

| ● | whether the debt securities are defeasible in the matter described below under “—Defeasance,” and any additional means of defeasance