Noble Corp amends credit facility to allow up to $660M distribution for Diamond Offshore acquisition

Noble Corp plc

Amendment adds $660M restricted payment capacity to fund cash portion of Diamond Offshore Drilling merger consideration.
Conditions: pro forma total net leverage ≤ 2.00x and liquidity ≥ $500M; no default before/after.
Amendment executed June 24, 2024, among Noble Finance II LLC, NIFCO, Noble Drilling A/S, lenders, and JPMorgan as agent.
Restricted payments must be made substantially concurrent with the Diamond Offshore Merger under the June 9, 2024 merger agreement.

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