Noble Corporation plc (NYSE: NE) announced that its wholly owned subsidiary Noble Finance II LLC has priced an $800 million offering of 6.250% senior notes due 2034. The company increased the offering size from the previously announced $500 million.

The notes will be issued at par with the offering expected to close on or about June 11, 2026, subject to customary closing conditions. Noble plans to use the net proceeds, combined with cash on hand, to redeem all outstanding 8.500% senior secured second lien notes due 2030 issued by Diamond Foreign Asset Company and Diamond Finance, LLC, both wholly owned subsidiaries. The company also intends to redeem $300 million in aggregate principal amount of outstanding 8.000% senior notes due 2030 issued by Noble Finance II LLC.

The redemptions are expected to be conditional on completion of the offering. The notes are being offered in the United States only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S of the Securities Act of 1933.

Noble operates as an offshore drilling contractor for the oil and gas industry, owning and operating a fleet of offshore drilling units focused on ultra-deepwater and high specification jackup drilling opportunities worldwide. The company and its predecessors have been engaged in contract drilling since 1921.