6 Feb 2017director interest notice● Neutral
Noble Corp Sr. VP & General Counsel William E Turcotte acquired 299,563 shares and disposed of 55,865 in a set of related equity transactions.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Feb 2017substantial holder notice● Neutral
SENATOR INVESTMENT GROUP LP, ALEXANDER KLABIN, DOUGLAS SILVERMAN disclosed a new substantial Noble Corp shareholding (5.76% of votes).
1 Feb 2017substantial holder notice● Neutral
Invesco Ltd reported a Noble Corp shareholding of 4,035,101 shares (1.70% of votes) in a periodic institutional filing.
31 Jan 2017director interest notice● Neutral
Noble Corp Sr. VP-Operations Bernie G. Wolford acquired 61,886 shares and disposed of 76,472 in a set of related equity transactions.
31 Jan 2017director interest notice● Neutral
Noble Corp Sr. VP-Marketing & Contracts Simon Johnson acquired 39,675 shares and disposed of 51,140 in a set of related equity transactions.
31 Jan 2017director interest notice● Neutral
Noble Corp VP & Controller Dennis James Lubojacky acquired 10,651 shares and disposed of 14,130 in a set of related equity transactions.
31 Jan 2017director interest notice● Neutral
Noble Corp Chairman, President and CEO David W Williams acquired 230,772 shares and disposed of 307,107 in a set of related equity transactions.
31 Jan 2017director interest notice● Neutral
Noble Corp Sr. VP & General Counsel William E Turcotte acquired 48,996 shares and disposed of 62,965 in a set of related equity transactions.
31 Jan 2017director interest notice● Neutral
Noble Corp Sr. VP-Engineering Scott Marks acquired 35,504 shares and disposed of 45,802 in a set of related equity transactions.
31 Jan 2017director interest notice● Neutral
Noble Corp Executive VP & Corporate Secy Julie J Robertson acquired 88,268 shares and disposed of 112,797 in a set of related equity transactions.
25 Jan 2017director interest notice● Neutral
Adam C Peakes became a Noble Corp Sr. VP - CFO and company insider (initial ownership filing).
25 Jan 2017director interest notice● Neutral
Noble Corp Sr. VP - CFO Adam C Peakes received a stock option grant for 220,689 shares.
25 Jan 2017substantial holder notice● Neutral
BlackRock, Inc reported a Noble Corp shareholding of 22,031,303 shares (9.10% of votes) in a periodic institutional filing.
13 Jan 2017debt financing● Neutral
On January 9, 2017, as part of an internal reorganization, Noble Holding (U.S.) Corporation merged into Noble Eagle LLC, which was renamed Noble Holding (U.S.) LLC and took over the obligations on the 7.50% senior notes due 2019 (about $201.7 million outstanding at December 31, 2016). Noble-Cayman remains guarantor; this is a change of issuer entity with no new borrowing.
28 Dec 2016debt financing● Neutral
On December 28, 2016, Noble Holding International closed the $1 billion offering of 7.750% senior notes due 2024 announced December 14, guaranteed by Noble-Cayman, with net proceeds of about $967.6 million. Interest is payable January 15 and July 15 starting July 15, 2017, and the proceeds with cash on hand are intended for the tender offers for the 2020, 2021 and 2022 notes.
27 Dec 2016director interest notice● Neutral
Noble Corp director Mary P Ricciardello sold 1,663 shares at $6.16.
15 Dec 2016material agreement● NeutralMajor
On December 14, 2016, Noble Holding International agreed to sell $1 billion of 7.750% senior notes due 2024, guaranteed by Noble-Cayman, for expected net proceeds of about $967.6 million. Together with cash on hand, the money is intended to fund tender offers for up to $750 million of its 4.90% notes due 2020, 4.625% notes due 2021 and 3.95% notes due 2022, with a $300 million cap on the 2020 notes. The filing says the offering is expected to close December 28, 2016.
7 Nov 2016quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $410.2 million and a net loss of $1302.8 million for the period ended 2016-12-31.
3 Nov 2016quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $410.2 million and a net loss of $1302.8 million for the period ended 2016-12-31.
1 Nov 2016director interest notice● Neutral
Noble Corp director Jon A Marshall acquired 2,220 shares and disposed of 174 in a set of related equity transactions.
8 Aug 2016quarterly activities report▼ Bad
Noble Corp reported quarterly revenue of $385.2 million and a net loss of $55.1 million for the period ended 2016-09-30.
27 July 2016quarterly activities report● Neutral
Noble Corp reported quarterly revenue of $894.8 million and net income of $322.9 million for the period ended 2016-06-30.
26 July 2016director interest notice● Neutral
Noble Corp director Jon A Marshall acquired 1,409 shares and disposed of 101 in a set of related equity transactions.
18 May 2016material agreement● Neutral
On May 16, 2016, Noble's subsidiary signed a distribution agreement with Freeport and sales agents so it can sell the Freeport shares it receives under the settlement. Noble will receive net proceeds at the same volume weighted average price used to value the shares, agents earn a commission of up to 1.50% (1% paid by Freeport), and the full $540 million is still due before the end of June 2016.
16 May 2016material agreement● Neutral
On May 16, 2016, Noble amended its Freeport settlement so the 30-day window for Freeport to issue shares to fund the $540 million payment starts May 16 instead of May 19, with some technical changes to share issuance. Noble says it will sell the shares as received, has arranged with banks to protect their market value, and expects to realize the full $540 million, which must be received before the end of June 2016.
10 May 2016material agreement▲ GoodMajor
On May 10, 2016, Noble's subsidiary agreed with Freeport-McMoRan to terminate the drilling contracts for the drillships Noble Sam Croft and Noble Tom Madden. Freeport will pay $540 million over 30 days through cash, Freeport shares and up to $200 million of bonds issued by Noble entities, with possible extra payments of $25 million and $50 million if oil prices average above $50 and $65 per barrel from June 2016 to June 2017. The press release says the contracts were due to end in July and November 2017 and that Noble expects over $100 million of direct cost savings (company expectation).
5 May 2016quarterly activities report● Neutral
Noble Corp reported quarterly revenue of $894.8 million and net income of $322.9 million for the period ended 2016-06-30.
27 Apr 2016quarterly activities report● Neutral
Noble Corp reported quarterly revenue of $612.0 million and net income of $105.5 million for the period ended 2016-03-31.
8 Apr 2016agm notice● Neutral
Noble Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
11 Mar 2016agm notice● Neutral
Noble Corp announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).