Noble’s $400 Million Tender Offers

Simpson Thacher represented J.P. Morgan Securities LLC, as dealer manager, in connection with the tender offers to purchase for cash up to $400 million of Noble Holding International Limited’s 4.9% Senior Notes due 2020, 4.625% Senior Notes due 2021, 3.95% Senior Notes due 2022, 7.75% Senior Notes due 2024, 5.95% Senior Notes due 2025 and 5.25% Senior Notes due 2042 (collectively, the “Notes”), and to solicit consents to amendments to certain related indentures.

Noble Holding International Limited is a wholly owned subsidiary of Noble Corporation plc, and each entity, through its respective subsidiaries, contracts drilling services with a global fleet of mobile offshore drilling units located worldwide.

The Simpson Thacher team for the transaction included Dave Azarkh (Picture) and Matt Hart (Capital Markets); and Jon Cantor and Jodi Schneider (Tax).

Involved fees earner: David Azarkh – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Matthew Hart – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: J.P. Morgan Securities LLC;

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Author: Ambrogio Visconti