Noble Holding Completes Balance Sheet Restructuring

Noble Holding successfully completed its financial restructuring and its debtor affiliates have emerged from Chapter 11 with a new parent company organized under the laws of the Cayman Islands named Noble Corporation.

• Noble will have a substantially delivered balance sheet with less than $400m of debt and liquidity of approximately $600m
• Noble’s new capital structure will include a new $675m revolving credit facility, of which $178m is currently drawn, and $216m of second lien notes
• Noble’s contract backlog is currently over $1.5b
• NOTE: Nov. 23, Noble Holding Says Court Approves Joint Plan of Reorganization
• NOTE: Nov. 20, Noble Corp. Debt-for-Equity ...