| CCY | SZE(M) | TNR | MTY | RNK | MO | SP | FI | TYPE | BNCH | IPT | GDNC | SPRD | CPN | NIC | PRICE |
|---|
| USD | 525.000 | 5 | Feb-28 | Sr. Secured | B2 | B- | - | Fixed | Tsy | - | 8.50% a | 462 | 8.38% | - | 100.00000 |
Tranche Comments
5 yr: First Pay: 2023-08-01; Redemption: 2025-02-01; Registration: 144A/Reg S; Comments: US$525m (upsized from US$500m) 8.375% cpn 5yr (2/01/28) NC2 (2/01/25) at 100.00, yld 8.375%. Spread: T+462bp. MWC T+50bp prior to 2/01/25, and then 104.188, 102.094, 100.00. Settle date: 1/17/23. CUSIP: 144A:89386MAA6. CoC: 101%;
Guarantor(s)
Transocean Ltd, Triton Titan GmbH, Transocean Inc
Use of Proceeds
To purchase the Titan drillship, fund a debt service reserve account, to pay related fees and expenses