NE
Noble Corporation plc (NYSE: NE) announced that Noble Finance II LLC has commenced an offering of $500...
Article Summary
HOLD- Noble Corporation plc (NYSE: NE) announced that Noble Finance II LLC has commenced an offering of $500 million in aggregate principal amount of unsecured senior notes due 2034, with the Notes guaranteed by certain direct and indirect restricted subsidiaries of the Issuer.
- Noble intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of the outstanding 8.500% Senior Secured Second Lien Notes due 2030 issued by Diamond Foreign Asset Company and Diamond Finance, LLC, each a wholly owned subsidiary of Noble Corp (the Diamond Notes), with the Redemption expected to be conditioned on the completion of the offering.
- The Notes are being offered in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933 and to persons outside the U.S. only in compliance with Regulation S under Securities Act.
- This press release does not constitute a notice of redemption under the optional redemption provisions of the indenture governing the Diamond Notes.
Free users see 3 BUY signals per day. Premium unlocks all of them, plus instant email alerts.
See Plans
Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -3.0% | 25% | 0.0 ptsDeclining (-3.0%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 84.7% | 25% | 100.0 ptsExceptional (84.7%) - Very high expectations |
| Target Price Upside ? | 6.3% | 20% | 35.0 ptsBelow Screener (6.3%) - Target: $49.86 vs Current: $46.90 |
| Gross Margin % ? | 18.1% | 15% | 20.0 ptsThin (18.1%) - Low-margin business |
| Drawdown from 52-Wk High ? | -14.7% | 15% | 40.0 ptsMild Pullback (-14.7%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About NE
- Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide.
- It provides contract drilling services through its fleet of mobile offshore drilling units.
- The company also operates drilling rigs, such as floaters and jackups.
- It serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United States Gulf of America.
- Noble Corporation plc was founded in 1921 and is headquartered in Houston, Texas.