INCREASE OF COMMITMENTS AND FIRST AMENDMENT TO CREDIT AGREEMENTCredit Agreement • May 13th, 2019 • Transocean Ltd. • Drilling oil & gas wells • New York
This INCREASE OF COMMITMENTS AND FIRST AMENDMENT TO CREDIT AGREEMENT (this “Increase and Amendment Agreement”) dated as of May 13, 2019, is among TRANSOCEAN INC., a Cayman Islands exempted company (the “Borrower”), CITIBANK, N.A., as administrative agent for the Lenders (as defined below) under the Credit Agreement (the “Administrative Agent”), the Increasing Lenders and Additional Lenders (each as defined below), the other Lenders party hereto, each Issuing Bank (as defined in the Credit Agreement) and, solely for purposes of Sections 4 through 13 hereof, Transocean Ltd., a Swiss corporation (“Holdings”), each other Guarantor (as defined in the Credit Agreement described below) party hereto and each other Transaction Party (as defined in the Credit Agreement) party hereto.
