Noble (NE) Unit Commences Senior Notes Offering
Noble Corporation (NYSE: NE) announced today that its indirect wholly-owned subsidiary, Noble Holding International Limited, has commenced an offering of senior unsecured notes.
Noble Corporation, a Cayman Islands company and a direct 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 for general corporate purposes, including Noble's capital expenditure program. Pending the application of funds from the offering, the net proceeds are expected to be invested in U.S. government obligations, bank deposits or other secure, short-term investments.
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Noble Corporation, a Cayman Islands company and a direct 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 for general corporate purposes, including Noble's capital expenditure program. Pending the application of funds from the offering, the net proceeds are expected to be invested in U.S. government obligations, bank deposits or other secure, short-term investments.
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