Noble Corporation plc reports news around its offshore contract drilling business for the oil and gas industry. Company updates focus on operating and financial results, contract drilling services revenue, new rig contracts, backlog, dividends, capital spending guidance, and fleet status across ultra-deepwater and high-specification jackup drilling opportunities.
Noble's recurring announcements also cover changes to its offshore rig portfolio, including completed jackup rig divestitures, rig reactivations, extensions for named rigs, and customer demand across established and emerging offshore basins worldwide. The company provides contract drilling services through subsidiaries using mobile offshore drilling units deployed for integrated, independent, and government-owned oil and gas customers.
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Noble Corporation plc (NYSE: NE) announced the successful closure of a $600 million unsecured senior notes offering due in 2030, aiming to retire existing debt and cover operational expenses. Additionally, Noble has executed an Amended and Restated Senior Secured Revolving Credit Agreement, totaling $550 million, maturing in April 2028. CEO Robert Eifler emphasized that this refinancing simplifies the capital structure and enhances liquidity, aligning with Noble's strategic priority for 2023. The details of the offering and the credit agreement have been reported in a Form 8-K filed with the U.S. Securities and Exchange Commission.
Noble Corporation plc announced the pricing of a private offering of $600 million in new unsecured 8.000% Senior Notes due 2030. The net proceeds will be used to redeem existing Senior Secured PIK Toggle Notes due 2028, repay outstanding borrowings under a $350 million term loan facility, and cover related expenses. The Offering is expected to close on or about April 18, 2023, subject to customary conditions. The 2030 Notes are offered to qualified institutional buyers under Rule 144A and in compliance with Regulation S, having not been registered under the Securities Act.