Noble prices $600M 8% senior notes due 2030; to redeem PIK toggle notes and repay term loan

Noble Corp plc

$600M aggregate principal of unsecured 8.000% senior notes due 2030 priced; expected close April 18, 2023.
Proceeds to redeem all outstanding 11%/13%/15% Senior Secured PIK Toggle Notes due 2028.
Also to repay $350M term loan facility borrowed by subsidiary The Drilling Company of 1972 A/S.
A&R Credit Agreement to reduce revolver commitments from $675M to $550M, but not yet finalized.

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