Transocean Ltd. (RIG) Falls Following Public Offering Announcement

The share price of Transocean Ltd. (NYSE:RIG) fell by 8.67% between September 18 and September 25, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Transocean Ltd. (NYSE:RIG) is a leading international provider of offshore contract drilling services for oil and gas wells.

Transocean Ltd. (NYSE:RIG) fell after the company announced that it intends to offer and sell 125 million shares in an underwritten public offering, par value $0.10, at a public offering price of $3.05 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and expenses, are expected to be around $381.25 million.

Moreover, the offshore drilling contractor granted the underwriters a 30-day option to purchase up to an additional 18.75 million shares in the offering at the public offering price, less underwriting discounts and commissions. Transocean Ltd. (NYSE:RIG) intends to use the net proceeds for the repayment or redemption of indebtedness and general corporate purposes.

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