Transocean digs into more revolver liquidity

By Mike Turner
15 May 2019

Switzerland’s Transocean has amended its bank revolving credit facility to increase the size to $1.36bn, with the fallen angel offshore contract drilling services provider keeping an additional $140m in the wings on the undrawn facility.

Transocean’s revolver, which matures in 2023, was initially for $1bn. The deal has an up to $500m accordion facility attached, with Transocean using $360m of that in the latest amendment. 

Citi, Crédit Agricole, DNB Markets, JP Morgan, MUFG and Wells Fargo were bookrunners on the 2018 deal, according to ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.