Noble closes $800 million add-on notes sale tied to Diamond Offshore merger
On August 22, 2024, Noble Finance II LLC, a wholly owned subsidiary of Noble Corporation plc, closed a private offering of $800 million of additional 8.000% Senior Notes due 2030, issued under the same indenture as $600 million of notes sold in 2023. A Second Supplemental Indenture signed the same day permits the issuer to pay a dividend to Noble to fund the cash consideration for Noble's pending merger with Diamond Offshore Drilling, Inc., which means the new debt sits at the subsidiary level and adds to the company's borrowing while the merger is pending.
Key points
- $800 million of 8.000% Senior Notes due 2030 closed August 22, 2024, sold in a private offering to eligible purchasers
- New notes are treated as a single series with the $600 million Existing Notes issued in 2023 under the April 18, 2023 indenture
- Second Supplemental Indenture, dated August 22, 2024, allows a dividend from the issuer to Noble to fund cash consideration for the pending Diamond Offshore Drilling, Inc. merger
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 22, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.