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Noble Corp subsidiary issues $800M 6.250% Senior Notes due 2034
Noble Finance II LLC issued $800M aggregate principal of 6.250% Senior Notes due June 15, 2034.
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Noble prices upsized $800M 6.250% notes due 2034; proceeds to redeem higher-coupon debt
Offering upsized to $800M from $500M; notes priced at par with 6.250% coupon, maturity 2034.
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Noble boosts revolver to $650M, extends to 2031; plans $500M notes due 2034 to refinance 8.5% Diamond Notes
Third Amendment increased revolver commitments from $550M to $650M and extended maturity to May 29, 2031 from April 18, 2028.
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Noble Q1 net income $121M ($0.75 EPS); backlog $7.5B; maintains FY guidance, raises capex forecast
Q1 2026: net income $121M ($0.75 diluted EPS); adjusted diluted EPS $0.26; revenue $786M; contract drilling revenue $743M.
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Noble Q4 2025: revenue $764M, net income $87M; backlog hits $7.5B; Q1 dividend $0.50/share
Q4 contract drilling services revenue $705M, down from $757M prior quarter; net income $87M vs -$21M prior quarter.
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Noble Q3 net loss $21M but adj. EPS $0.19; backlog $7.0B, dividend $0.50
Net loss of $21M ($0.13/share); adjusted diluted EPS of $0.19, adjusted EBITDA $254M.
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Noble Q2 net income $43M, adjusted EPS $0.13; backlog $6.9B; guidance mixed
Q2 net income $43M ($0.27 diluted EPS); adjusted diluted EPS $0.13; revenue $849M (down 3% QoQ).
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Noble Q1 net income $108M; backlog hits $7.5B on Shell, TotalEnergies contracts
Diluted EPS $0.67; adjusted EPS $0.26; adjusted EBITDA $338M on revenue $874M.
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Noble Q4 revenue $927M, Adj EBITDA $319M; guides FY25 rev $3.25-3.45B
Q4 revenue $927M ($882M contract drilling); net income $97M; adjusted diluted EPS $0.56.
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Noble provides pro forma results for Diamond acquisition; H1 2024 net income $281M, EPS $1.64
Total preliminary purchase price $1.49B; each Diamond share exchanged for 0.2316 NE shares + $5.65 cash.
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Noble Q3 net income $61M, adj EBITDA $291M; adds $400M buyback authorization
Net income $61M ($0.40 diluted EPS), Adjusted EBITDA $291M, free cash flow $165M.
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Noble closes $591M+stock acquisition of Diamond Offshore; backlog rises to $6.7B
Each Diamond share exchanged for $5.65 cash + 0.2316 Noble shares; total ~$591M cash and ~24.2M shares.
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Noble issues $800M add'l 8% notes due 2030; total $1.4B; merger dividend enabled
Issued $800M aggregate principal of 8.000% Senior Notes due 2030; total outstanding now $1.4B (existing $600M + new $800M).
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Noble Corp prices $800M upsized 8% senior notes due 2030 for Diamond Offshore merger
Noble upsized offering to $800M from $675M of 8.000% Senior Notes due 2030.
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Noble Q2 net income $195M; announces Diamond Offshore acquisition; dividend raised to $0.50
Q2 net income $195M, diluted EPS $1.34; Adjusted EBITDA $271M on revenue $693M.
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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.
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Noble to acquire Diamond Offshore for $5.65 cash + 0.2316 shares per DO share, 11.4% premium
Diamond shareholders receive 0.2316 Noble shares and $5.65 cash per share, an 11.4% premium to June 7 close.
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Noble Q1 net income $95M, adj. EBITDA $183M, declares $0.40 dividend, backlog $4.4B
Revenue $637M ($612M contract drilling), net income $95M ($0.66 diluted EPS); adjusted net income $66M ($0.45 adjusted EPS).
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Noble Q4 net income $150M; 2024 guidance revenue $2.55-2.7B, EBITDA $925-1025M
Q4 net income $150M ($1.03 diluted EPS); revenue $643M; adjusted EBITDA $201M.
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Noble Q3 net income $158M; raises dividend to $0.40/share, ups FY guidance
Net income $158M ($1.09 diluted EPS) vs $66M Q2; revenue $697M vs $639M Q2.
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Noble Q2 net income $66M, initiates $0.30 dividend, backlog reaches $5.0B
Revenue $639M, up from $275M YoY; contract drilling services revenue $606M.
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Noble Q1 net income $108M, revenue $610M, backlog $4.6B, completes refinancing
Net income of $108M ($0.74 diluted EPS); adjusted EPS $0.19.
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Noble Corp issues $600M 8% senior notes due 2030; amends revolver to $550M
Noble Finance II issued $600M of 8.000% Senior Notes due April 15, 2030, interest semi-annual.
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Noble prices $600M 8% senior notes due 2030; to redeem PIK toggle notes and repay term loan
$600M aggregate principal of unsecured 8.000% senior notes due 2030 priced; expected close April 18, 2023.
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Noble Corp announces $600M senior notes offering due 2030 to refinance existing debt
Noble Finance II LLC offers $600M in unsecured senior notes due 2030 via private placement.
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Noble provides supplemental Maersk Drilling 9M 2022 financials and pro forma combined data
Maersk Drilling 9M 2022 revenue $816M, down 14% YoY from $946M; net loss $186M vs profit $60M.
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Noble Q4 2022 revenue $623M, net income $135M; guides FY2023 EBITDA $725-825M
Q4 revenue $623M, contract drilling revenue $586M; net income $135M ($0.92 diluted EPS); adjusted EBITDA $157M.
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Noble Corp GC William Turcotte to retire; Jennie Howard named successor
Turcotte steps down as SVP, GC & Corp Sec on April 1, 2023; will serve as Senior Advisor to CEO until Feb 2024.
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Noble cuts Q4 2022 Adj. EBITDA guidance to $140-150M; net debt $203M
Adjusted EBITDA expected $140-150M, down from prior guidance of $155-175M due to Noble Regina Allen mechanical issues.
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Noble closes $350M secured term loan, repays $460M legacy Maersk facility
Borrowed full $350M under new 3-year secured term loan at Term SOFR + 3.50%, with margin increases from year 2.
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Noble enters $350M secured term loan to refinance $1.55B existing facility
$350M term loan at Term SOFR + 3.5% margin, step-ups of 0.15% after 1yr and 0.25% after 2yr.
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Noble Q3 net income $34M, adjusted EBITDA $97M; authorizes $400M share repurchase
Q3 revenue $306M, contract drilling revenue $289M; net income $34M ($0.41 EPS).
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Noble files Maersk Drilling H1 2022 financials: $532M revenue, $172M net loss; pro forma combined info
Maersk Drilling H1 2022 revenue $532M (down from $614M YoY); net loss $172M vs profit $29M.