Transocean Ltd. (RIG): The debt will get bought by current hold...

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Transocean Ltd. (RIG)

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Re: Hawkeye_tt post# 2672

Thursday, 01/09/2020 5:08:51 PM

Thursday, January 09, 2020 5:08:51 PM

The debt will get bought by current holders of record. They didn’t get very good ratings on their debt, they should have done some more cash management with the new contracts reported before issuing such a large note. I think it would be in their best interest to announce a share buyback program, let the holder of shares who will be financing this know that their Share price will increase beyond just renegotiation of debt.

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