Noble Holding International USD 7.875% 1-Feb-26 Senior Guaranteed Notes Factsheet
Noble Holding International Limited (NHIL) is an indirect, wholly owned subsidiary of Noble Corporation (Noble-Cayman, the company, Noble), and is the issuer of the substantial majority of the company's rated debt. Noble-Cayman is a Cayman Islands exempted company and the guarantor, amongst others, of the notes (see organisational chart overleaf) and is an indirect, wholly-owned subsidiary of Noble Corporation plc (Noble-UK).
Noble-UK is a public limited company incorporated under the laws of England and Wales that is publicly traded and whose shares are listed on The NYSE under the symbol "NE". Noble-UK is not an issuer or a guarantor of the notes.
Noble-UK’s principal asset is all of the shares of Noble-Cayman. Noble-Cayman has no public equity outstanding. Noble and its predecessors have been engaged in the contract drilling of oil and gas wells since 1921
The company owns and operates one of the most modern, versatile and technically advanced fleets in the offshore drilling industry. Noble performs, worldwide contract drilling services with a fleet of offshore drilling units located worldwide, including the US Gulf of Mexico (GOM), North Sea, the Mediterranean, the Middle East, West Africa, Asia, Australia and South America. Noble’s fleet consists of 14 jack-ups, eight drillships and six semisubmersibles, as at 16 January 2018, and is focused largely on ultra-deepwater and high-specification jack-up drilling opportunities in both established and emerging regions.
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