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Noble Corporation plc Announces Redemption Of Senior Notes Due 2019 By Wholly-Owned Subsidiaries

LONDON, Feb. 14, 2018 /PRNewswire/ -- Noble Corporation plc ("Noble-UK") (NYSE: NE) announced today, on behalf of its indirect, wholly-owned subsidiaries, Noble Holding (U.S.) LLC, Noble Drilling Holding LLC and Noble Drilling Services 6 LLC (the "Issuers"), that the Issuers will redeem the entire remaining outstanding principal amount of the Issuers' 7.50% Senior Notes due 2019 (the "Notes") at a redemption price equal to 105.512% of the principal amount thereof, plus accrued and unpaid interest on the Notes from September 15, 2017 to, but excluding, the redemption date. The redemption date for the Notes is February 20, 2018. The aggregate principal amount of the Notes outstanding is $61.9 million.

A notice of redemption is being sent to all currently registered holders of the Notes by the trustee, The Bank of New York Mellon Trust Company, N.A. For more information, holders of the Notes may call The Bank of New York Mellon Trust Company, N.A. at 1-800-254-2826 about procedures to redeem the Notes, or the Issuers at 713-239-6564 about the terms of the Notes and calculation of the redemption price.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities.

Forward-Looking Disclosure Statement

Statements in this press release regarding activities or events that may occur in the future are forward-looking statements that involve certain risks, uncertainties and assumptions. These include but are not limited to operating hazards and delays, risks associated with operations outside the U.S., actions by regulatory authorities, credit rating agencies, customers, joint venture partners, contractors, lenders and other third parties, legislation and regulations affecting drilling operations, compliance with regulatory requirements, factors affecting the level of activity in the oil and gas industry, supply and demand of drilling rigs, factors affecting the duration of contracts, the actual amount of downtime, factors that reduce applicable dayrates, litigation, violations of anti-corruption laws, hurricanes and other weather conditions, market conditions, the future price of oil and gas and other factors detailed in Noble-UK's most recent Form 10-K, Form 10-Qs and other filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.

Noble-UK, a public limited company incorporated under the laws of England and Wales, performs, through its subsidiaries, contract drilling services with a global fleet of mobile offshore drilling units.


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SOURCE Noble Corporation

Jeffrey L. Chastain, Vice President - Investor Relations and Corporate Communications, Noble Drilling Services Inc., 281-276-6383