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Noble Corporation PLC (NE.N)

NE.N on New York Stock Exchange

6.21USD
28 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Paragon Offshore announces agreement in principle for restructuring agreement with bondholders and revolver banks
Monday, 8 Aug 2016 08:30am EDT 

Paragon Offshore Plc : Revolving credit agreement will still be modified to include a $165 million cash paydown with balance of approximately $631 million . Under revised plan, bondholders will collectively receive $285 million of cash, or $60 million less than in original plan . Expects to emerge from its bankruptcy process in october . Is in process of seeking requisite signatures to amended psa from revolver lenders . Definitive settlement agreement between paragon and noble corporation remains in place with certain modifications . Noble will provide direct bonding for requirements necessary to challenge tax assessments in mexico relating to paragon business for tax years 2005 through 2010 . Paragon offshore announces agreement in principle for revised restructuring agreement with bondholders and revolver banks . Agreement further enhances liquidity and strengthens balance sheet by allowing paragon to retain $60 million of additional cash .Contingency payment provisions in original plan for 2016 and 2017 have been eliminated under revised plan.  Full Article

Noble Corp posts Q2 adj. EPS $0.01, reduces FY capex forecast
Wednesday, 27 Jul 2016 05:00pm EDT 

Noble Corporation Plc : Noble corporation plc reports second quarter 2016 results . Q2 revenue $895 million . Full year capital expenditure estimate reduced to $675 million . Qtrly average dayrate $ 509,145 versus $ 340,217 . Q2 revenue view $510.4 million -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.01 excluding items . Q2 earnings per share view $0.06 -- Thomson Reuters I/B/E/S . "Industry conditions remain challenging" . "Utilization in our floating rig fleet declined steeply in quarter, due in part to contractual settlement with Freeport" . Says at June 30, 2016, noble's total contract backlog stood at $5.1 billion .Qtrly average rig utilization 65% versus 83%.  Full Article

Noble corporation announces agreement with Freeport-Mcmoran
Tuesday, 10 May 2016 10:00am EDT 

Noble Corporation Plc : Noble Corporation Plc announces agreement with Freeport-Mcmoran . Noble to receive $540 million payment plus potential $75 million in contingent payments . Deal for $540 millio . In addition, noble can receive additional contingent payments from freeport of $25 million and $50 million . Expects to realize over $100 million in direct cost savings as a result of contract terminations through crew reductions and stacking procedure . Agreement in connection with drilling contracts for drillships noble sam croft and noble tom madden . Noble also expects to realize over $100 million in direct cost savings . Freeport can make $540 million payment through a combination of cash, freeport shares and up to $200 million in near-term noble bonds .Pursuant to agreement, drilling contracts will be terminated, with operations ceasing as soon as practicable.  Full Article

Noble Corporation plc announces adjusted dividend
Friday, 22 Apr 2016 11:04am EDT 

Noble Corporation plc:Board of Directors to adjust the Company's dividend and declare a quarterly dividend of $0.02 per share.Ex-dividend date for this payment is expected to be April 28.Record date of May 2.Payment date of May 9.  Full Article

Noble Corporation plc announces adjusted quarterly dividend
Friday, 23 Oct 2015 11:09am EDT 

Noble Corporation plc:Says Board of Directors to adjust the Company's dividend and declared a quarterly dividend of $0.15 per share, compared to the previous quarterly dividend of $0.375 per share.Ex-dividend date for the dividend is expected to be October 29.Record date as of November 2.Payment date of November 9.  Full Article

Noble Corporation board sets schedule for dividend payment
Friday, 24 Jul 2015 10:29am EDT 

Noble Corporation:Board of Directors has scheduled the payment of the Company's quarterly cash dividend of $0.375 per share.Ex-dividend date for this payment is expected to be July 30.Record date of August 3.Payment date of August 10.  Full Article

Noble Corporation plc declares dividend
Friday, 24 Apr 2015 12:12pm EDT 

Noble Corporation plc:Declared a quarterly cash dividend of $0.375 per share.The ex-dividend date for this payment is expected to be April 30, with a record date of May 4, and a payment date of May 14.  Full Article

Noble Corporation plc sets schedule for dividend payment
Friday, 30 Jan 2015 11:30am EST 

Noble Corporation plc:Says board has scheduled payment of quarterly cash dividend of $0.375 per share.Ex-dividend date for this payment is expected to be Feb. 6, with a record date of Feb. 10 and payment date of Feb. 20.  Full Article

Noble Corp. enters into settlement with DOJ
Monday, 8 Dec 2014 04:31pm EST 

Noble Corporation:Announced that it has reached a final settlement with the Department of Justice (DOJ), concluding a two-year investigation into the company's operations and systems aboard the drillship Noble Discoverer.Says settlement agreement also covers certain record keeping issues related to the Kulluk drilling rig, which was previously crewed by Noble personnel.Under the terms of the agreement, Noble will pay $8.2 million in fines and $4 million toward community service as designated by the DOJ.  Full Article

Noble Corp plc Board Sets Schedule For Dividend Payment
Friday, 24 Oct 2014 02:39pm EDT 

Noble Corp Plc:Schedules the payment of the Company's quarterly cash dividend of $0.375 per share.Ex-dividend date for this payment is expected to be Oct. 30 with a record date of Nov. 03 and a payment date of Nov. 13.  Full Article

BRIEF-Paragon Offshore announces agreement in principle for restructuring agreement with bondholders and revolver banks

* Revolving credit agreement will still be modified to include a $165 million cash paydown with balance of approximately $631 million