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Noble Corp. Commences Offering of Senior Notes
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Noble Corporation plc reported that its indirect, wholly-owned subsidiary, Noble Holding International Limited, has commenced an offering of senior unsecured notes. Noble Corporation, a Cayman Islands exempted company and an indirect, wholly-owned subsidiary of Noble, will fully and unconditionally guarantee the notes on a senior unsecured basis. The net proceeds are expected to be used to repay indebtedness outstanding under Noble Cayman's revolving credit facilities and commercial paper program, and any remaining amounts will be used for general corporate purposes.
Barclays Capital Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC are acting as the joint book-running managers.