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NOBLE CORPORATION PLC ANNOUNCES PROPOSED OFFERING OF $500 MILLION OF SENIOR NOTES DUE 2034

NE
  • Noble Corporation plc announced its subsidiary Noble Finance II LLC has commenced an offering of $500 million in unsecured senior notes due 2034.
  • The Notes will be guaranteed by certain direct & indirect restricted subsidiaries of the Issuer.
  • Noble intends to use the net proceeds from the Offering & 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 Redemption is expected to be conditioned on the completion of the Offering.
  • The press release clarifies it does not constitute a notice of redemption under the indenture governing the Diamond Notes.
  • The Notes are being offered in the United States only to qualified institutional buyers under Rule 144A & to persons outside the United States under Regulation S.
  • The Notes have not been registered under the Securities Act & may not be offered or sold in the United States absent registration or an applicable exemption.
  • This press release does not constitute an offer to sell or solicitation of an offer to buy any security in any jurisdiction where such action would be unlawful.
  • Noble is a leading offshore drilling contractor engaged in contract drilling services since 1921 with a fleet focused on ultra-deepwater & high specification jackup drilling.
  • The communication includes forward-looking statements subject to risks & uncertainties that could cause actual results to differ materially from expectations.