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NBLWF Noble Corporation PLC (PK)

0.16
-0.03 (-15.79%)
Last Updated: 14:35:00
Delayed by 15 minutes
Name Symbol Market Type
Noble Corporation PLC (PK) USOTC:NBLWF OTCMarkets Equity Warrant
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.03 -15.79% 0.16 0.16 0.45 0.16 0.16 0.16 149 14:35:00

Form 8-K - Current report

08/08/2024 2:20pm

Edgar (US Regulatory)


Noble Corp plc false 0001895262 0001895262 2024-08-08 2024-08-08 0001895262 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2024-08-08 2024-08-08 0001895262 ne:Tranche1WarrantsOfNobleCorporationPlc2Member 2024-08-08 2024-08-08 0001895262 ne:Tranche2WarrantsOfNobleCorporationPlc1Member 2024-08-08 2024-08-08

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (date of earliest event reported): August 8, 2024

 

 

NOBLE CORPORATION plc

(Exact name of registrant as specified in its charter)

 

 

 

England and Wales   001-41520   98-1644664

(State or other jurisdiction

of incorporation)

 

(Commission

file number)

 

(I.R.S. employer

identification no.)

 

13135 Dairy Ashford, Suite 800,

Sugar LandTexas

(Address of principal executive offices)

  

77478

(Zip code)

Registrant’s telephone number, including area code: 281 276-6100

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

A Ordinary Shares, par value $0.00001 per share   NE   New York Stock Exchange
Tranche 1 Warrants of Noble Corporation plc   NE WS   New York Stock Exchange
Tranche 2 Warrants of Noble Corporation plc   NE WSA   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 8.01.

Other Events.

On August 8, 2024, Noble Corporation plc (the “Company”) issued a press release announcing that, subject to market and other conditions, Noble Finance II LLC, a wholly-owned subsidiary of the Company (the “Issuer”), intends to offer for sale an additional $675 million in aggregate principal amount of the Issuer’s 8.000% Senior Notes due 2030 in a private offering to eligible purchasers that is exempt from registration under the Securities Act of 1933, as amended.

A copy of the press release is attached as Exhibit 99.1 to this report and incorporated herein by reference.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

 

EXHIBIT
NUMBER

  

DESCRIPTION

Exhibit 99.1    Press Release issued by Noble Corporation plc dated August 8, 2024.
Exhibit 104    Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    NOBLE CORPORATION plc
Date:  August 8, 2024     By:  

/s/ Jennie Howard

     

Jennie Howard

Senior Vice President, General Counsel and

Corporate Secretary

EXHIBIT 99.1

 

PRESS RELEASE    LOGO

NOBLE CORPORATION PLC ANNOUNCES OFFERING OF AN ADDITIONAL $675 MILLION PRINCIPAL AMOUNT OF 8.000% SENIOR NOTES DUE 2030

Sugar Land, Texas, August 8, 2024 – Noble Corporation plc (“Parent” and together with its subsidiaries, “Noble”) (NYSE: NE, CSE: NOBLE) today announced that Noble Finance II LLC (the “Issuer”), a wholly owned subsidiary of Parent, has commenced an offering (the “Offering”) of an additional $675 million in aggregate principal amount of its 8.000% Senior Notes due 2030 (the “New Notes”). Noble intends to use the net proceeds from the Offering to fund the cash consideration in connection with its pending merger with Diamond Offshore Drilling, Inc. and for general corporate purposes.

The New Notes will be issued as additional notes under the indenture pursuant to which the Issuer previously issued $600 million aggregate principal amount of 8.000% Senior Notes due 2030 (the “Existing Notes”) in 2023, all of which remain outstanding. The New Notes will have the same terms as the Existing Notes, other than the issue date, the issue price, the first date on which interest will be paid and the first date from which interest will accrue, and will be treated as a single series with the Existing Notes under the indenture. The Existing Notes are, and the New Notes will be, guaranteed by certain direct and indirect restricted subsidiaries of the Issuer that guaranty the Issuer’s revolving credit facility. Upon settlement, the New Notes are expected to have the same CUSIP numbers as the Existing Notes, except that the New Notes issued pursuant to Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities Act”), will trade separately under a different CUSIP number until 40 days after the settlement date of the New Notes.

The New Notes are being offered in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act, and to persons outside the United States only in compliance with Regulation S. The New Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

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 U.S. Securities and Exchange Commission. We cannot control such risk factors and other uncertainties, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. You should consider these risks and uncertainties when you are evaluating us.

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.

v3.24.2.u1
Document and Entity Information
Aug. 08, 2024
Document And Entity Information [Line Items]  
Entity Registrant Name Noble Corp plc
Amendment Flag false
Entity Central Index Key 0001895262
Document Type 8-K
Document Period End Date Aug. 08, 2024
Entity Incorporation State Country Code X0
Entity File Number 001-41520
Entity Tax Identification Number 98-1644664
Entity Address, Address Line One 13135 Dairy Ashford
Entity Address, Address Line Two Suite 800
Entity Address, City or Town Sugar Land
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77478
City Area Code 281
Local Phone Number 276-6100
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Fair Value Measured at Net Asset Value Per Share [Member]  
Document And Entity Information [Line Items]  
Security 12b Title A Ordinary Shares, par value $0.00001 per share
Trading Symbol NE
Security Exchange Name NYSE
Tranche 1 Warrants Of Noble Corporation Plc 2 [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Tranche 1 Warrants of Noble Corporation plc
Trading Symbol NE WS
Security Exchange Name NYSE
Tranche 2 Warrants Of Noble Corporation Plc 1 [Member]  
Document And Entity Information [Line Items]  
Security 12b Title Tranche 2 Warrants of Noble Corporation plc
Trading Symbol NE WSA
Security Exchange Name NYSE

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