Company: NE-WTA
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001628280-25-020547
Chunk: 43

Company: Noble Corp plc
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 43
---
 law or (ii) from the proceeds of a fresh issue of shares made for the purpose of financing the purchase. As of the date of this report, we have shareholder authority to repurchase up to 15% per annum of the issued share capital of the Company as of the beginning of each fiscal year for a five-year period commencing on September 28, 2022 (subject to an overall aggregate maximum of 20,601,161 Ordinary Shares). During the three months ended March 31, 2025 and 2024, we repurchased 0.7 million and none of our Ordinary Shares, respectively. All repurchased shares were subsequently cancelled.

Condensed Consolidating Financial Information

The Noble Indenture contains a covenant that requires Noble Finance II to furnish to holders of the 2030 Notes certain financial information relating to Noble Finance II and its restricted subsidiaries. The Diamond Second Lien Indenture contains a covenant that requires NODI to furnish to holders of the Diamond Second Lien Notes certain financial information relating to NODI and its subsidiaries.

The summarized financial information below reflects combined accounts of Noble Finance II, NODI, and all other subsidiaries of Noble. The financial information is presented on a combined basis and intercompany balances and transactions between entities have been eliminated.

29

Noble Corporation plc and SubsidiariesUnaudited Condensed Consolidating Selected FinancialsMarch 31, 2025Consolidated Noble Finance II LLCConsolidated Noble Offshore Drilling, Inc.Other         Non-guarantor Subsidiaries of NobleConsolidating AdjustmentsTotalBalance SheetsCash and cash equivalents$200,142 $103,478 $135 $— $303,755 Total current assets1,855,607 468,905 60,891 (942,198)1,443,205 Total current liabilities710,408 254,144 1,571,802 (1,616,392)919,962 Total debt1,400,811 1,243,345 — (665,385)1,978,771 Total shareholders' equity4,650,419 849,062 3,896,765 (4,738,337)4,657,909 

Noble Corporation plc and SubsidiariesUnaudited Condensed Consolidating Selected FinancialsThree Months Ended March 31, 2025Consolidated Noble Finance II LLCConsolidated Noble Offshore Dr