Noble Corp plc (NE): M&A transaction — Noble closes $591M+stock acquisition of Diamond Offshore; backlog rises to $6.7B

Noble Corp plc

Each Diamond share exchanged for $5.65 cash + 0.2316 Noble shares; total ~$591M cash and ~24.2M shares.
Noble assumes $500M of Diamond's 8.5% Senior Secured Second Lien Notes due 2030.
Patrice Douglas added to Noble board; former Diamond director.
Combined backlog now $6.7B, including ~$2B from Diamond; prior 2024 guidance withdrawn.
Noble issued 24,239,941 shares; total shares outstanding ~167.3M.

item 1.01 item 2.01 item 2.03 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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Appointed

Patrice Douglas

Director

NE · Noble Corp plc

Filed: September 4, 2024, 7:59 PM ET

appointed Ms. Patrice Douglas as a director of Noble, effective as of immediately following the Effective Time.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Patrice Douglas was appointed as Director at Noble Corp plc.

Action: appointed
Role: Director

Exact text from the filing

appointed Ms. Patrice Douglas as a director of Noble, effective as of immediately following the Effective Time.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Noble Corp plc completed an acquisition involving Diamond Offshore Drilling, Inc. for $5.65 in cash, without interest, and 0.2316 Noble Shares (closed 2024-09-04).

Action: acquisition
Counterparty: Diamond Offshore Drilling, Inc.
Consideration: $5.65 in cash, without interest, and 0.2316 Noble Shares
Closing: 2024-09-04

Exact text from the filing

262 of the Delaware General Corporation Law) was converted automatically into the right to receive the following consideration (collectively, the “ Merger Consideration ”): (i) $5.65 in cash, without interest (the “ Per Share Cash Consideration ”), (ii) 0.2316 (the “ Exchange Ratio ”) of validly issued, fully paid and non-assessable A ordinary shares, $0.00001

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30 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Noble Corp plc filing history →

Source: SEC EDGAR

accession 0000950142-24-002324

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