09:01 AM EDT, 09/03/2024 (MT Newswires) -- Transocean ( RIG ) said in a regulatory filing Tuesday that one of its units has signed agreements with an unnamed third party to sell the Development Driller III and associated assets for $195 million and the Discoverer Inspiration and associated assets for $147 million.

The company anticipates roughly a non-cash charge of $630 million to $645 million in Q3 related to these transactions, Transocean ( RIG ) said in an 8-K filing with the US Securities and Exchange Commission.

Transocean ( RIG ) expects to close the transactions in Q3 and use the proceeds to repay its current debt.

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