Transocean boosts liquidity ahead of $5.8bn Valaris takeover

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Published: 16 Oct 2026 · 02:30 UTC
Added to portal: 16 Oct 2026 · 07:22 UTC
Source check: 16 Oct 2026 · 07:21 UTC

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Transocean has lined up an expanded $750m revolving credit facility as it prepares to close its $5.8bn takeover of rival offshore driller Valaris. Its wholly owned subsidiary, Transocean International, has entered into an amended and restated credit agreement with Citibank and a group of lenders, with the new facility taking effect once the Valaris acquisiti

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