May 13, 2019 / 9:50 PM / 2 months ago

BRIEF-Transocean's Unit Enters Increase Of Commitments To Credit Deal

May 13 (Reuters) - Transocean Ltd:

* ON MAY 13, TRANSOCEAN INC, UNIT OF CO ENTERED INTO AN INCREASE OF COMMITMENTS AND FIRST AMENDMENT TO CREDIT AGREEMENT - SEC FILING

* FACILITY CONTAINS ACCORDION PROVISION ALLOWING TRANSOCEAN INC TO INCREASE COMMITMENTS UNDER REVOLVING CREDIT FACILITY BY UP TO $500 MILLION

* AMENDMENT EXERCISED THIS ACCORDION PROVISION,INCREASED AGGREGATE COMMITMENTS UNDER REVOLVING CREDIT FACILITY FROM $1.0 BILLION TO $1.36 BILLION Source text - bit.ly/2JBM3qn Further company coverage:

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