|Noble Corporation plc Receives Commitments For New Credit Facility Maturing In 2023|
The new credit facility is expected to provide borrowing capacity of
Under the expected terms, the new credit facility will be guaranteed by certain of Noble's rig-owning entities. The commitments to the new credit agreement are non-binding, subject to the finalization and execution of definitive agreements and contingent upon the closing of the new facility.
Also, the Company amended its existing revolving credit facility in order to facilitate the movement of participating lenders to the new unsecured facility. When fully effective, the amendment will result in the lenders under the new credit facility having no commitments under the existing credit agreement. The amendment is contingent upon the closing of the new credit facility.
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 performs, through its subsidiaries, contract drilling services with a fleet of 28 offshore drilling units, consisting of 14 semisubmersibles and drillships and 14 jackups, focused largely on ultra-deepwater and high-specification jackup drilling opportunities in both established and emerging regions worldwide. Noble is a public limited company registered in
Jeffrey L. Chastain, Vice President - Investor Relations and Corporate Communications, Noble Drilling Services Inc., 281-276-6383