SUGAR
LAND, Texas, Aug. 22,
2024 /PRNewswire/ -- Noble Corporation plc ("Parent"
and together with its subsidiaries, "Noble") (NYSE: NE, CSE: NOBLE)
today announced that Noble Finance II LLC (the "Issuer"), a wholly
owned subsidiary of Parent, has closed the previously disclosed
offering (the "Offering") of an additional $800 million in aggregate principal amount of its
8.000% Senior Notes due 2030 (the "New Notes"). Noble intends to
use the net proceeds from the Offering to fund the cash
consideration in connection with its pending merger with Diamond
Offshore Drilling, Inc. and for general corporate purposes.
The New Notes were issued as additional notes under the
indenture pursuant to which the Issuer previously issued
$600 million aggregate principal
amount of 8.000% Senior Notes due 2030 (the "Existing Notes") in
2023, all of which remain outstanding. The New Notes have the same
terms as the Existing Notes, other than the issue date, the issue
price, the first date on which interest will be paid and the first
date from which interest will accrue, and are treated as a single
series with the Existing Notes under the indenture. The Existing
Notes and the New Notes are guaranteed by certain direct and
indirect restricted subsidiaries of the Issuer that guaranty the
company's revolving credit facility. The New Notes are expected to
trade under the same CUSIP numbers as the Existing Notes, except
that the New Notes sold pursuant to Regulation S under the
Securities Act of 1933, as amended (the "Securities Act") will have
a different CUSIP number than the Existing Notes until 40 days
after the issue date of the New Notes.
The New Notes were offered in the
United States only to persons reasonably believed to be
qualified institutional buyers pursuant to Rule 144A under the
Securities Act, and to persons outside the United States only in compliance with
Regulation S under the Securities Act. The New Notes have not been
registered under the Securities Act or the securities laws of any
other jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the
Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security, nor shall there be
any sale of the New Notes or any other security of Noble, in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such jurisdiction.
Forward-looking Statements
This communication includes "forward-looking statements" within
the meaning of Section 27A of the Securities Act and Section 21E of
the Exchange Act, as amended. All statements other than statements
of historical facts included in this communication are forward
looking statements, including those regarding the Offering and the
use of proceeds therefrom. Forward-looking statements involve
risks, uncertainties and assumptions, and actual results may differ
materially from any future results expressed or implied by such
forward-looking statements. When used in this communication, or in
the documents incorporated by reference, the words "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend,"
"may," "might," "on track," "plan," "possible," "potential,"
"predict," "project," "should," "would," "shall," "target," "will"
and similar expressions are intended to be among the statements
that identify forward-looking statements. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, we cannot assure you that such expectations will prove
to be correct. These forward-looking statements speak only as of
the date of this communication and we undertake no obligation to
revise or update any forward-looking statement for any reason,
except as required by law. Risks and uncertainties include, but are
not limited to, those detailed in Noble's most recent Annual Report
on Form 10-K, Quarterly Reports Form 10-Q and other filings with
the U.S. Securities and Exchange Commission. We cannot control such
risk factors and other uncertainties, and in many cases, we cannot
predict the risks and uncertainties that could cause our actual
results to differ materially from those indicated by the
forward-looking statements. You should consider these risks and
uncertainties when you are evaluating us.
About Noble Corporation plc
Noble is a leading offshore drilling contractor for the oil and
gas industry. Noble owns and operates one of the most modern,
versatile, and technically advanced fleets in the offshore drilling
industry. Noble and its predecessors have been engaged in the
contract drilling of oil and gas wells since 1921. Noble performs,
through its subsidiaries, contract drilling services with a fleet
of offshore drilling units focused largely on ultra-deepwater and
high specification jackup drilling opportunities in both
established and emerging regions worldwide. For further information
visit www.noblecorp.com or email investors@noblecorp.com.
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SOURCE Noble Corporation plc