secwatch.observer — SEC 8-K summary
======================================

Issuer:     Noble Corp plc (NE)
CIK:        0001895262
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001628280-24-030321
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1895262/000162828024030321/0001628280-24-030321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1895262/000162828024030321/ne-20240624.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-030321

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer