8-K
filed October 3, 2022, 7:59 PM ET
ticker NE
CIK 0001895262
M&A
confidence high
sentiment positive
materiality 0.75
Noble completes Maersk Drilling combination, creates offshore drilling leader
Noble Corp plc
- Combined company has contract backlog of over $4B and expects annual cost synergies of at least $125M within two years.
- Noble received preliminary commitments for $350M and $150M term loans to replace existing Maersk Drilling facilities.
- Board expanded to seven directors; Claus V. Hemmingsen, Kristin H. Holth, and Alastair Maxwell appointed as new directors.
- Each Maersk Drilling share exchanged for 1.6137 Noble ordinary shares or cash subject to $1K per shareholder cap.
- Offer received 90.03% of Maersk Drilling shares; remaining shares to be redeemed via compulsory purchase.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Caroline Alting was appointed as Senior Vice President — Operation Excellence at Noble Corp plc.
- Action
- appointed
- Role
- Senior Vice President — Operation Excellence
Exact text from the filing
the Board appointed Caroline Alting as Senior Vice President — Operation Excellence and Blake A. Denton as Senior Vice President — Marketing and Contracts.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Blake A. Denton was appointed as Senior Vice President — Marketing and Contracts at Noble Corp plc.
- Action
- appointed
- Role
- Senior Vice President — Marketing and Contracts
Exact text from the filing
the Board appointed Caroline Alting as Senior Vice President — Operation Excellence and Blake A. Denton as Senior Vice President — Marketing and Contracts.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kristin H. Holth was appointed as director at Noble Corp plc.
- Action
- appointed
- Role
- director
Exact text from the filing
three additional members were appointed to the Board, effective as of the Closing Date: Claus V. Hemmingsen, Kristin H. Holth and Alastair Maxwell.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alastair Maxwell was appointed as director at Noble Corp plc.
- Action
- appointed
- Role
- director
Exact text from the filing
three additional members were appointed to the Board, effective as of the Closing Date: Claus V. Hemmingsen, Kristin H. Holth and Alastair Maxwell.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Claus V. Hemmingsen was appointed as director at Noble Corp plc.
- Action
- appointed
- Role
- director
Exact text from the filing
three additional members were appointed to the Board, effective as of the Closing Date: Claus V. Hemmingsen, Kristin H. Holth and Alastair Maxwell.
View on SEC.gov
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