LONDON, Dec. 14, 2016 /PRNewswire/ -- Noble Corporation plc ("Noble") (NYSE: NE) announced today that its indirect, wholly-owned subsidiary, Noble Holding International Limited ("NHIL"), has priced an offering of $1,000,000,000 aggregate principal amount of 7.750% senior unsecured notes due 2024 (the "2024 Notes"). Noble Corporation, a Cayman Islands exempted company ("Noble-Cayman") and an indirect, wholly-owned subsidiary of Noble, will fully and unconditionally guarantee the 2024 Notes on a senior unsecured basis. NHIL intends to use the net proceeds of approximately $970,100,000, together with cash on hand, to pay the purchase price and accrued interest (together with fees and expenses) in the tender offers (the "Tender Offers") to purchase for cash up to $750,000,000 aggregate purchase price, excluding accrued interest, of NHIL's 4.90% Senior Notes due 2020 (the "2020 Notes"), 4.625% Senior Notes due 2021 and 3.95% Senior Notes due 2022. If the Tender Offers, which are subject to market conditions and other factors, including a $300,000,000 cap with respect to the 2020 Notes and the completion of the offering of the 2024 Notes for gross proceeds of at least $750,000,000, are not consummated, or the aggregate purchase price of the notes tendered in the Tender Offers and accepted for payment is less than the net proceeds of the 2024 Notes offering, NHIL will use the remainder of those proceeds for general corporate purposes, which may include the further retirement of debt, including the purchase of debt in open market or privately negotiated transactions. The 2024 Notes offering is expected to close on December 28, 2016.
Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Citigroup Global Markets Inc., DNB Markets, Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC are acting as the joint book-running managers. Copies of the prospectus supplement and prospectus may be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY 10010, 1-800-221-1037, email@example.com. The documents are also available on the U.S. Securities and Exchange Commission's website at www.sec.gov.