3 July 2018substantial holder notice● Neutral
Frederik W. Mohn, Perestroika AS reported a Transocean Ltd. shareholding of 67,740,289 shares (13.60% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 July 2018director interest notice● Neutral
Frederik Wilhelm Mohn became a Transocean Ltd. director and company insider (initial ownership filing).
27 June 2018debt financing● NeutralMajor
On June 22, 2018 Transocean Inc. signed a new $1.0 billion secured five-year revolving credit facility with Citibank as agent, maturing June 2023 (earlier if more than $300 million of the 9.00% notes due July 2023 remain outstanding in April 2023). It is secured on five rigs (Invictus, Inspiration, Asgard, Barents, Spitsbergen). It replaces the unsecured 2014 revolver, which was terminated with nothing borrowed; as of June 25, 2018 nothing was drawn, $26 million of letters of credit were issued and $974 million was available. The facility carries covenants including a maximum debt to tangible capitalization of 0.6 to 1.0 and minimum available liquidity of $500 million.
18 June 2018substantial holder notice● Neutral
Frederik W. Mohn, Perestroika AS reported a Transocean Ltd. shareholding of 67,740,289 shares (13.60% of votes) in a periodic institutional filing.
15 June 2018director interest notice● Neutral
Perestroika became a Transocean Ltd. director and company insider (initial ownership filing).
15 June 2018director interest notice● Neutral
Frederik Wilhelm Mohn became a Transocean Ltd. director and company insider (initial ownership filing).
15 June 2018director interest notice● Neutral
Perestroika (cyprus) LTD became a Transocean Ltd. director and company insider (initial ownership filing).
22 May 2018director interest notice● Neutral
Transocean Ltd. director Vanessa C L Chang received a stock option grant for 16,141 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Samuel J. Merksamer received a stock option grant for 16,141 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Merrill A Miller Jr. received a stock option grant for 24,981 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Ek Kia Tan received a stock option grant for 16,141 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Frederico F. Curado received a stock option grant for 16,141 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Frederik Wilhelm Mohn received a stock option grant for 16,141 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Glyn Anthony Barker received a stock option grant for 16,141 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Edward R Muller received a stock option grant for 16,141 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Chad C Deaton received a stock option grant for 16,141 shares.
22 May 2018director interest notice● Neutral
Transocean Ltd. director Vincent J Intrieri received a stock option grant for 16,141 shares.
18 May 2018director interest notice● Neutral
Transocean Ltd. SVP and Corporate Controller David A Tonnel sold 7,443 shares.
7 May 2018agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
1 May 2018quarterly activities report▼ Bad
Transocean Ltd. reported quarterly revenue of $664.0 million and a net loss of $210.0 million for the period ended 2018-03-31.
30 Apr 2018quarterly activities report▼ Bad
Transocean Ltd. reported quarterly revenue of $664.0 million and a net loss of $210.0 million for the period ended 2018-03-31.
24 Apr 2018director interest notice● Neutral
Transocean Ltd. President & CEO Jeremy D Thigpen exercised stock options for 227,570 shares and disposed of 55,755 shares.
18 Apr 2018production update● Neutral
The April 18, 2018 fleet status report updates rig contracts. Invictus is shown working for BHP Apr-18 to Mar-20, Discoverer India has a CNR contract moved to May-18 to Dec-18, and Development Driller I has a further PTTEP contract Nov-18 to Dec-18 after Quadrant Energy. The Petrobras 10000 Brazil rate is shown as $476,000/day (previously $494,000), and Conqueror's rate is $583,000 (was $586,000). Only one high-spec jackup (Mist, Chevron to Oct-18) is now listed; Odin no longer appears. The two JSPL drillships remain under construction without contracts, and idle or stacked rigs remain.
17 Apr 2018agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
13 Apr 2018agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
20 Mar 2018agm notice● Neutral
Transocean Ltd. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
20 Mar 2018agm notice● Neutral
Transocean Ltd. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
8 Mar 2018agm notice● Neutral
Transocean Ltd. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
5 Mar 2018director interest notice● Neutral
Transocean Ltd. director Perestroika bought 2,000,000 shares on the open market.
5 Mar 2018director interest notice● Neutral
Transocean Ltd. SVP & General Counsel Brady K Long exercised stock options for 46,942 shares and disposed of 5,831 shares.