Noble extends $650 million revolver to 2031 and plans $500 million notes offering
Noble Finance II LLC, a Noble subsidiary, signed a May 29, 2026 amendment that raises its senior secured revolving credit facility from $550.0 million to $650.0 million and extends its maturity from April 18, 2028 to May 29, 2031. On June 1, 2026, Noble said it intends to offer $500 million of unsecured senior notes due 2034, subject to market conditions, and to use the proceeds with cash on hand to redeem its 8.500% second lien notes due 2030. The filing does not include earnings or guidance, so the effect on shareholders is a change in the company's debt structure and maturities.
Key points
- Revolving commitments raised from $550.0 million to $650.0 million under the Third Amendment dated May 29, 2026
- Revolver maturity extended from April 18, 2028 to May 29, 2031
- Proposed $500 million unsecured senior notes due 2034, offered privately and subject to market and other conditions
- Net proceeds plus cash on hand intended to redeem the 8.500% Senior Secured Second Lien Notes due 2030 (Diamond Notes)
The filing
Written by AI on Nov 8, 2026, 12:59 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 June 01, 2026.
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.