Company: RIG
Filing Date: 2025-09-24
Form Type: 424B5
Source: 0001451505-25-000097
Chunk: 71

Company: Transocean Ltd.
Filing Date: 2025-09-24
Form: 424B5
Chunk 71
---
 |

| ● | reduce the rate of or change the time for payment of interest on the debt security; |

| ● | reduce the principal of the debt security or change its stated maturity; |

| ● | reduce any premium payable on the redemption of the debt security or change the time at which the debt security may or must be redeemed; |

| ● | change any obligation to pay additional amounts on the debt security; |

8

| ● | make payments on the debt security payable in currency other than as originally stated in the debt security; |

| ● | impair the holder’s right to institute suit for the enforcement of any payment on the debt security; |

| ● | make any change in the percentage of principal amount of debt securities necessary to waive compliance with certain provisions of the indenture or to make any change in the provision related to modification; |

| ● | with respect to the subordinated indenture, modify the provisions relating to the subordination of any subordinated debt security in a manner adverse to the holder of that security; or |

| ● | waive a continuing default or event of default regarding any payment on the debt securities. |

Each indenture may be amended or supplemented or any provision of that indenture may be waived without the consent of any holders of debt securities issued under that indenture in certain circumstances, including:

| ● | to cure any ambiguity, omission, defect or inconsistency; |

| ● | to provide for the assumption of Transocean Inc.’s obligations under the indenture by a successor upon any merger, consolidation or scheme of arrangement qualifying as an amalgamation or asset sale, lease, conveyance, transfer or other disposition of all or substantially all of Transocean Inc.’s assets, in each case as permitted under the indenture; |

| ● | to provide for uncertificated debt securities in addition to or in place of certificated debt securities or to provide for the issuance of bearer debt securities; |

| ● | to provide any security for, any guarantees of or any additional obligors on any series of debt securities; |

| ● | to comply with any requirement to effect or maintain the qualification of that indenture under the Trust Indenture Act of 1939, as amended (the “Trust Indenture Act”); |

| ● | to add covenants that would benefit the holders of any debt securities or to surrender any rights Transocean Inc. has under the indenture; |

| ● | to add events of default with respect to any debt securities; |