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NOBLE CORPORATION PLC ANNOUNCES PRICING OF UPSIZED OFFERING OF $800 MILLION PRINCIPAL AMOUNT OF 6.250% SENIOR NOTES DUE 2034

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  • Noble Finance II LLC priced an offering of $800 million in 6.250% Senior Notes due 2034, upsized from a previously announced $500 million.
  • The Notes will be issued at par with the offering expected to close around June 11, 2026, subject to customary conditions.
  • Noble intends to use the net proceeds & cash on hand to redeem all outstanding 8.500% Senior Secured Second Lien Notes due 2030 issued by Diamond Foreign Asset Company & Diamond Finance, LLC.
  • The proceeds will also fund the redemption of $300 million in outstanding 8.000% Senior Notes due 2030 issued by the Issuer.
  • The Redemptions are expected to be conditioned on the completion of the Offering.
  • The Notes are being offered in the United States to qualified institutional buyers under Rule 144A & to persons outside the U.S. under Regulation S.
  • The Notes have not been registered under the Securities Act & may not be offered or sold in the U.S. absent registration or an applicable exemption.