Restructuring Information


Noble announced on July 31, 2020, that it has entered into a restructuring support agreement with two ad hoc groups of the largest holders of the Company's outstanding bond debt regarding a consensual financial restructuring transaction that will significantly deleverage the Company’s balance sheet and position the Company for long term growth.

In order to implement the restructuring transaction, the Company and selected subsidiaries have filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court.  The restructuring will be implemented through a plan of reorganization that the Company expects to be confirmed by this fall, allowing the Company's emergence from chapter 11 before year end.

The Company has sufficient capital to fund its worldwide operations and does not require additional post-petition financing at this time.  Noble plans to continue to operate as normal and without interruption for the duration of the restructuring and will continue to pay employee wages and health and welfare benefits as well as vendors in the normal course.

Full press release is available at: https://investors.noblecorp.com/news-releases

INFORMATION HOTLINE

Toll Free in the U.S.: 855-917-3560

International Callers: 503-597-7713

Email: NobleInfo@epiqglobal.com

ADDITIONAL INFORMATION

Court filings and other information, including Frequently Asked Questions, related to the court-supervised proceedings are available at: https://dm.epiq11.com/noble