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Simpson Thacher Represents Dealer Managers in Noble’s Tender Offers

04.01.16

The Firm represented Credit Suisse Securities (USA) LLC and HSBC Securities (USA) Inc., as dealer managers, in connection with the tender offers to purchase for cash up to $200 million of Noble Holding International Limited's 4.9% Senior Notes due 2020 and 4.625% Senior Notes due 2021 (collectively, the “Notes”). The tender offers expired on March 31, 2016 and settlement for the tender offers occurred on April 1, 2016. Approximately $35.6 million in aggregate principal amount of Notes were validly tendered and accepted. 

Noble Holding International Limited is a wholly owned subsidiary of Noble Corporation plc, and each entity, through its respective subsidiaries, contracts drilling services with a fleet of offshore drilling units located worldwide. 

The Simpson Thacher team for the transaction included Dave Azarkh and Kalliope Kefallinos (Capital Markets); and George Davis (Tax).