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16 October 2026

Transocean boosts liquidity ahead of $5.8bn Valaris takeover

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Source reporting: Splash247

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Transocean boosts liquidity ahead of $5.8bn Valaris takeover

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 acquisition …

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