debt
confidence high
sentiment neutral
materiality 0.60
Noble Corp announces $600M senior notes offering due 2030 to refinance existing debt
Noble Corp plc
- Noble Finance II LLC offers $600M in unsecured senior notes due 2030 via private placement.
- Net proceeds to redeem all outstanding 11%/13%/15% PIK toggle notes due 2028 (Second Lien Notes).
- Proceeds also to repay $350M term loan facility borrowed by subsidiary The Drilling Company of 1972 A/S.
- Notes guaranteed by certain restricted subsidiaries; offering exempt from Securities Act registration.