Noble Corporation prices $800 million 6.250% senior notes due 2034

NOBLE CORPORATION PLC ANNOUNCES PRICING OF UPSIZED OFFERING OF $800 MILLION PRINCIPAL AMOUNT OF 6.250% SENIOR NOTES DUE 2034 PR Newswire HOUSTON , June 1, 2026 /PRNewswire/ -- Noble Corporation plc (NYSE: NE, "Noble" or the "Company") today announced that Noble Finance II LLC (the "Issuer"), a wholly owned subsidiary of the Company, has priced an offering (the "Offering") of $800 million in aggregate principal amount of its 6.250% Senior Notes due 2034 (the "Notes"). The offering size was upsized to $800 million in aggregate principal amount of Notes from the previously announced offering size of $500 million in aggregate principal amount of Notes. The Notes will be issued at par and the Offering is expected to close on or about June 11, 2026, subject to customary closing conditions.

Noble intends to use the net proceeds from the Offering, together with cash on hand, to redeem (the "Redemptions") all of the outstanding 8.500% Senior Secured Second Lien Notes due 2030 issued by Diamond Foreign Asset Company and Diamond Finance, LLC, each a wholly owned subsidiary of the Company (the "Diamond Notes"), and $300 million in aggregate principal amount of the outstanding 8.000% Senior Notes due 2030 issued by the Issuer (the "2030 Notes"). The Redemptions are expected to be conditioned on the completion of the Offering. This press release does not constitute a notice of redemption under the optional redemption provisions of either of the indentures governing the Diamond Notes or the 2030 Notes.

The 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 of 1933, as amended (the "Securities Act"), and to persons outside the United States only in compliance with Regulation S under the Securities Act. The 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 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. About Noble Corporation plc Noble is a leading offshore drilling contractor for the oil and gas industry. The Company 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. Forward-looking Statements This communication includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended.

All statements other than statements of historical facts included in this communication are forward-looking statements, including those regarding the Offering, the use of proceeds therefrom and the Redemptions. 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. View original content: https://www.prnewswire.com/news-releases/noble-corporation-plc-announces-pricing-of-upsized-offering-of-800-million-principal-amount-of-6-250-senior-notes-due-2034--302787594.html SOURCE Noble Corporation plc PR Newswire June 1, 2026 - 2:04 PM PDT News by QuoteMedia www.quotemedia.com