NOBLE CORPORATION PLC ANNOUNCES PLANNED DIVESTMENT OF SIX JACKUPS

Core Viewpoint - Noble Corporation has signed definitive agreements to sell six jackup rigs, enhancing its focus on deepwater and ultra-harsh environment operations while improving its financial position [1][4]. Group 1: Transaction Details - The sale includes five rigs to Borr Drilling Limited for $360 million, comprising $210 million in cash and $150 million in seller notes [2]. - The seller notes will have a 6-year maturity, secured by a first lien on three of the jackups, and can be prepaid without penalty [2]. - A separate transaction involves the sale of one rig, the Noble Resolve, to Ocean Oilfield Drilling for $64 million, with closing expected in Q2 2026 [3]. Group 2: Financial Impact - The transactions are anticipated to be immediately accretive to Noble's shareholders based on trailing 2025 and expected 2026 EBITDA and Free Cash Flow [4]. - The agreements are expected to bolster Noble's balance sheet and sharpen its focus on established positions in the deepwater and ultra-harsh jackup segments [4]. Group 3: Company Background - Noble Corporation is a leading offshore drilling contractor with a modern and versatile fleet, engaged in contract drilling since 1921 [5]. - The company focuses on ultra-deepwater and high specification jackup drilling opportunities in both established and emerging regions worldwide [5].