NOBLE CORPORATION PLC ANNOUNCES OFFERING OF AN ADDITIONAL $675 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030
Noble plc (NYSE: NE, CSE: NOBLE) announced that its subsidiary, Noble Finance II , is offering an additional $675 million in 8.000% Senior Notes due 2030. These New Notes will be issued under the same indenture as the existing $600 million notes from 2023. The proceeds will fund the cash consideration for Noble's pending merger with Diamond Offshore Drilling, Inc. and general corporate purposes. The New Notes will have the same terms as the Existing Notes, except for issue-related details, and will be guaranteed by certain subsidiaries. They are being offered only to qualified institutional buyers in the U.S. and to non-U.S. persons under Regulation S, and have not been registered under the Securities Act.
Noble plc (NYSE: NE, CSE: NOBLE) ha annunciato che la sua controllata, Noble Finance II, offre 675 milioni di dollari aggiuntivi in note senior al 8.000% con scadenza nel 2030. Queste nuove note saranno emesse sotto lo stesso contratto delle note esistenti da 600 milioni di dollari del 2023. I proventi serviranno a finanziare la somma in contante per la fusione in sospeso di Noble con Diamond Offshore Drilling, Inc. e per scopi aziendali generali. Le nuove note avranno le stesse condizioni delle note esistenti, tranne per i dettagli relativi all'emissione, e saranno garantite da alcune controllate. Sono offerte solo a compratori istituzionali qualificati negli Stati Uniti e a persone non statunitensi secondo la Regola S, e non sono state registrate ai sensi del Securities Act.
Noble plc (NYSE: NE, CSE: NOBLE) anunció que su subsidiaria, Noble Finance II, está ofreciendo 675 millones de dólares adicionales en Notas Senior al 8.000% con vencimiento en 2030. Estas Nuevas Notas se emitirán bajo el mismo contrato que las notas existentes de 600 millones de dólares de 2023. Los ingresos se destinarán a financiar la contraprestación en efectivo para la fusión pendiente de Noble con Diamond Offshore Drilling, Inc. y para fines corporativos generales. Las Nuevas Notas tendrán los mismos términos que las Notas Existentes, excepto por detalles relacionados con la emisión, y estarán garantizadas por ciertas subsidiarias. Se ofrecen solo a compradores institucionales calificados en EE. UU. y a personas no estadounidenses bajo la Regulación S, y no han sido registradas bajo la Ley de Valores.
노블 plc (NYSE: NE, CSE: NOBLE)는 자회사인 노블 파이낸스 II가 2030년 만기 8.000%의 추가 6억 7500만 달러 규모의 선순위 채권을 제공한다고 발표했습니다. 이 신규 채권은 2023년의 6억 달러 규모의 기존 채권과 동일한 조건의 계약에 따라 발행될 것입니다. 이 자금은 노블과 다이아몬드 오프쇼어 드릴링, Inc.의 진행 중인 합병을 위한 현금 대가를 지원하는 데 사용되며, 일반 기업 목적으로도 사용됩니다. 신규 채권은 기존 채권과 동일한 조건을 갖지만, 발행 관련 세부 사항이 다르며, 특정 자회사에서 보증합니다. 이들은 미국 내 자격을 갖춘 기관 투자자와 비미국인에게만 제공되며, 증권법에 따라 등록되지 않았습니다.
Noble plc (NYSE: NE, CSE: NOBLE) a annoncé que sa filiale, Noble Finance II, propose 675 millions de dollars supplémentaires en obligations senior à 8,000% arrivant à échéance en 2030. Ces nouvelles obligations seront émises sous le même contrat que les 600 millions de dollars d'obligations existantes de 2023. Les produits serviront à financer la contrepartie en espèces pour la fusion en cours de Noble avec Diamond Offshore Drilling, Inc. et à des fins d'entreprise générales. Les nouvelles obligations auront les mêmes conditions que les obligations existantes, à l'exception de détails liés à l'émission, et seront garanties par certaines filiales. Elles sont offertes uniquement aux acheteurs institutionnels qualifiés aux États-Unis et aux personnes non américaines en vertu de la Réglementation S, et n'ont pas été enregistrées en vertu de la Loi sur les valeurs mobilières.
Noble plc (NYSE: NE, CSE: NOBLE) hat bekannt gegeben, dass ihre Tochtergesellschaft, Noble Finance II, 675 Millionen US-Dollar zusätzlich in 8.000% Senior Notes mit Fälligkeit 2030 anbietet. Diese neuen Notes werden unter demselben Vertrag wie die bestehenden 600 Millionen US-Dollar Anleihen von 2023 ausgegeben. Die Erlöse sollen die Barzahlung für die bevorstehende Fusion von Noble mit Diamond Offshore Drilling, Inc. finanzieren und allgemeinen Unternehmenszwecken dienen. Die neuen Notes haben die gleichen Bedingungen wie die bestehenden Notes, mit Ausnahme spezifischer Ausgabedetails, und werden von bestimmten Tochtergesellschaften garantiert. Sie werden nur qualifizierten institutionellen Käufern in den USA und nicht in den USA ansässigen Personen gemäß der Regelung S angeboten und wurden nicht unter dem Wertpapiergesetz registriert.
- Raising $675 million through senior notes offering
- Funding pending merger with Diamond Offshore Drilling
- Expanding total senior notes to $1.275 billion
- Increasing long-term debt obligations
- Potential increase in interest expenses
Insights
Noble 's offering of
The primary purpose of this offering - to fund the cash consideration for the pending merger with Diamond Offshore Drilling - indicates a strategic expansion in the offshore drilling sector. This merger could potentially strengthen Noble's market position, but also increases its debt load. Investors should closely monitor the company's ability to service this increased debt, especially given the cyclical nature of the oil and gas industry.
Noble's decision to issue additional notes signals confidence in market demand for high-yield corporate debt. The
The pending merger with Diamond Offshore Drilling suggests ongoing consolidation in the offshore drilling industry. This trend could lead to improved efficiency and market power for the surviving entities, but also indicates challenges in the sector. Investors should consider how this consolidation might affect industry dynamics, competition and Noble's future profitability.
The offering's structure, utilizing Rule 144A and Regulation S, is a common approach for expedited capital raising without the need for full SEC registration. This method allows Noble to access capital markets quickly, but limits the initial investor base to qualified institutional buyers and non-U.S. persons.
The different CUSIP numbers for Regulation S notes, converging after 40 days, is a standard practice to ensure compliance with U.S. securities laws. Investors should be aware of potential liquidity differences between these tranches in the short term. The explicit statement about not constituting an offer to sell is a important legal disclaimer, protecting Noble from potential securities law violations.
The New Notes will be issued as additional notes under the indenture pursuant to which the Issuer previously issued
The New Notes are being offered in
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of the New Notes or any other security of Noble, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Forward-looking Statements
This communication includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, as amended. All statements other than statements of historical facts included in this communication are forward looking statements, including those regarding the Offering, the terms of the New Notes and the use of proceeds therefrom. Forward-looking statements involve risks, uncertainties and assumptions, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. When used in this communication, or in the documents incorporated by reference, the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "on track," "plan," "possible," "potential," "predict," "project," "should," "would," "shall," "target," "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot assure you that such expectations will prove to be correct. These forward-looking statements speak only as of the date of this communication and we undertake no obligation to revise or update any forward-looking statement for any reason, except as required by law. Risks and uncertainties include, but are not limited to, those detailed in Noble's most recent Annual Report on Form 10-K, Quarterly Reports Form 10-Q and other filings with the
About Noble Corporation plc
Noble is a leading offshore drilling contractor for the oil and gas industry. Noble owns and operates one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921. Noble performs, through its subsidiaries, contract drilling services with a fleet of offshore drilling units focused largely on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide. For further information visit www.noblecorp.com or email investors@noblecorp.com.
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SOURCE Noble Corporation plc
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