Transocean International has entered an amended credit agreement that would expand revolving commitments to $750 million, according to Splash247.

The report says the facility will become effective once the Valaris acquisition closes and other customary conditions are satisfied. It would increase commitments from $510 million and extend maturity from June 2028 to October 2031.

The companies continue to target merger completion in the fourth quarter, subject to remaining conditions and shareholder approvals, the publisher reports.

Details in the source report +
Reported details and their context.
DetailValueUnitContext
Expanded revolving commitments750 millionUSDConditional facility size; not cash borrowed or currently available liquidity
Existing revolving commitments510 millionUSDComparison amount stated in the source; no independent balance-sheet calculation
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Source: Splash247 · original report