Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 22

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 22
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 between willing parties. The estimated fair value of our debt instruments was based on the quoted market prices for similar issues or on the current rates offered to us for debt of similar remaining maturities (Level 2 measurement). The fair value of the 2023 

13

NOBLE CORPORATION plc AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unless otherwise indicated, dollar and share amounts in tables are in thousands, except per share data)

Revolving Credit Facility approximates its respective carrying amount as its interest rate is variable and reflective of market rates.The following table presents the carrying value, net of unamortized debt issuance costs and discounts or premiums, and the estimated fair value of our total debt, not including the effect of unamortized debt issuance costs, respectively:September 30, 2025December 31, 2024Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair ValueSenior secured notes8.000% Senior Notes due April 2030$1,401,041 $1,449,784 $1,401,214 $1,414,266 8.500% Senior Secured Second Lien Notes due October 2030575,878 583,193 578,972 571,428 Credit facilityAmended and Restated Senior Secured Revolving Credit Facility— — — — Total debt1,976,919 2,032,977 1,980,186 1,985,694 Less: Current maturities of long-term debt— — — — Long-term debt$1,976,919 $2,032,977 $1,980,186 $1,985,694 

Note 7 — Revenue and CustomersDisaggregation of RevenueThe following table provides information about contract drilling services revenue by rig types:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Floaters$630,154 $605,327 2,007,925 1,617,538 Jackups127,251 158,216 393,985 419,140 Total$757,405 $763,543 $2,401,910 $2,036,678 Contract BalancesAccounts receivable are recognized when the right to the consideration becomes unconditional based upon contractual billing schedules. Payment terms on invoiced amounts are