05:45 AM EDT, 08/09/2024 (MT Newswires) -- Noble (NE) said late Thursday its subsidiary Noble Finance II has priced an additional $800 million offering of its 8% senior notes due 2030, up from the initial $675 million planned.

The company said the new notes would be issued at an offering price of 103% of the principal amount plus accrued interest from April 15, 2024.

The proceeds from the offering, set to close around Aug. 22, would be used for the cash consideration in Noble's merger with Diamond Offshore Drilling and for general corporate purposes.

The new notes will be issued as part of the same indenture under which the Issuer issued $600 million of 8% of senior notes due in 2030, which are still outstanding.

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