HOUSTON, Dec. 8, 2025/ PRNewswire/– Noble Corporation plc (NYSE: NE, “, Noble”, or the “, Business”, )) today revealed that the Business has actually signed conclusive arrangements to offer 6 jackups, that includes the sale of 5 rigs to Borr Drilling Limited (NYSE: BORR, “, Borr”, )) for $ 360 million and a different deal for the sale of one rig to Ocean Oilfield Drilling for $ 64 million in money. Upon closing of these deals, which undergo complete satisfaction of traditional closing conditions, Noble will be a pureplay deepwater and ultra-harsh environment jackup operator.
The contract with Borr, making up $ 210 million in money and $ 150 million in seller notes, consists of the sale of the Noble Tom Prosser, Noble Mick O’Brien, Noble Regina Allen, Noble Resilient and Noble Resolute Closing is anticipated in early 2026, and undergoes Borr’s effective funding. The $ 150 million in proposed seller notes to Borr are anticipated to have a 6-year maturity and be protected by a very first lien on 3 jackups ( Noble Tom Prosser, Noble Regina Allen and Noble Resilient). The notes can be prepaid at anytime without charge, with particular arrangements mandating early prepayment. In addition, Noble means to run 2 rigs– Noble Mick O’Brien and Noble Resolute— under a bareboat charter contract with Borr for one year from finalizing of the conclusive contract.
The contract with Ocean Oilfield Drilling expects the sale of the Noble Willpower Closing is anticipated in Q2 2026, upon conclusion of the Noble Willpower’s present agreement.
Robert W. Eifler, President and Ceo of Noble, mentioned “These deals are anticipated to be right away accretive to our investors based upon both tracking 2025 and expected 2026 EBITDA and Free Capital, while likewise boosting our balance sheet and honing the concentrate on our recognized positions in the deepwater and ultra-harsh jackup sectors. I wish to thank the Noble teams and assistance groups behind these 6 jackups who have actually offered regularly impressive service for our clients and desire everybody continued success in the rigs’ future projects.”
About Noble Corporation plc
Noble is a leading overseas drilling professional for the oil and gas market. The Business owns and runs among the most contemporary, flexible, and technically advanced fleets in the overseas drilling market. Noble and its predecessors have actually been participated in the agreement drilling of oil and gas wells considering that 1921. Noble carries out, through its subsidiaries, agreement drilling services with a fleet of overseas drilling systems focused mainly on ultra-deepwater and high requirements jackup drilling chances in both recognized and emerging areas worldwide. Extra details on Noble is offered at www.noblecorp.com.
Positive Declarations
This interaction consists of “positive declarations” within the significance of Area 27A of the Securities Act and Area 21E of the Exchange Act, as modified. All declarations aside from declarations of historic realities consisted of in this interaction are forward looking declarations, consisting of those concerning expectations for the sale of the 6 jackup rigs and Borr’s seller notes and bareboat charter contract, in addition to expectations concerning the effect of the deals on Noble consisting of with regard to accretion and balance sheet. Positive declarations include dangers, unpredictabilities and presumptions, and real outcomes might vary materially from any future outcomes revealed or suggested by such positive declarations. When utilized in this interaction, or in the files included by referral, the words “assistance,” “expect,” “think,” “continue,” “could,” “quote,” “anticipate,” “mean,” “may,” “might,” “on track,” “strategy,” “possible,” “prospective,” “anticipate,” “job,” “should,” “would,” “accomplish,” “shall,” “target,” “will” and comparable expressions are meant to be amongst the declarations that determine positive declarations. Although our company believe that the expectations shown in such positive declarations are sensible, we can not ensure you that such expectations will show to be appropriate. These positive declarations speak just since the date of this interaction and we carry out no commitment to modify or upgrade any positive declaration for any factor, other than as needed by law. Threats and unpredictabilities consist of, however are not restricted to, those detailed in Noble’s latest Yearly Report on Type 10-K, Quarterly Reports Type 10-Q and other filings with the U.S. Securities and Exchange Commission. We can not manage such danger aspects and other unpredictabilities, and in most cases, we can not anticipate the dangers and unpredictabilities that might trigger our real outcomes to vary materially from those shown by the positive declarations. You ought to think about these dangers and unpredictabilities when you are examining us.
SOURCE Noble Corporation plc