Transocean hires Lazard as financial adviser as it evaluates capital structure alternatives

Transocean Ltd. (NYSE: RIG), which has its U.S. headquarters in Houston, is looking for ways to manage its capital structure and has hired Lazard Frères & Co. LLC as its financial adviser to help evaluate strategic alternatives, according to an Aug. 5 press release.

The Switzerland-based offshore drilling company also has executed a private exchange agreement relating to subsidiary Transocean Inc.’s 0.5% exchangeable bonds due 2023, per the release. And some assets and liabilities of certain Transocean…

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