NOBLE CORPORATION PLC ANNOUNCES PRICING OF UPSIZED OFFERING OF $800 MILLION PRINCIPAL AMOUNT OF 6.250% SENIOR NOTES DUE 2034

Noble Corporation plc has successfully priced an $800 million offering of its 6.250% Senior Notes due 2034, an increase from the previously announced $500 million. The offering, which is set to close on or about June 11, 2026, will see the notes issued at par. The proceeds from this fundraising initiative will primarily be utilized to redeem existing senior notes, including the 8.500% Senior Secured Second Lien Notes due 2030 and a portion of the 8.000% Senior Notes due 2030, both of which are issued by Noble's wholly owned subsidiaries.

Noble Corporation, a prominent player in the offshore drilling sector, has been engaged in contract drilling for the oil and gas industry since 1921. The company operates a modern and versatile fleet focused on ultra-deepwater and high-specification jackup drilling opportunities. This strategic fundraising effort is aligned with Noble's ongoing commitment to enhance its financial flexibility and reduce its debt burden, particularly in a sector characterized by fluctuating oil prices and evolving market dynamics.

The decision to upsize the offering from $500 million to $800 million reflects strong investor demand and confidence in Noble's operational capabilities and market position. By redeeming higher-interest debt, Noble aims to lower its overall interest expenses and improve its balance sheet, which is crucial for navigating the capital-intensive nature of the oil and gas industry. The successful execution of this offering also indicates a favorable environment for debt financing within the sector, as investors seek opportunities in companies with solid fundamentals.

As the oil and gas industry continues to recover from the volatility experienced in recent years, Noble's proactive approach to managing its capital structure may serve as a model for other companies in the sector. The ability to secure substantial funding at competitive rates is essential for companies looking to invest in new technologies and expand their operational capabilities in a market that is increasingly focused on sustainability and efficiency.

In conclusion, Noble Corporation's $800 million fundraising initiative not only strengthens its financial position but also highlights the broader trends within the oil and gas sector. As companies adapt to changing market conditions and investor expectations, this transaction underscores the importance of strategic financial management in fostering long-term growth and stability in a competitive landscape.