Company: NE-WTA
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038188
Chunk: 16

Company: Noble Corp plc
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 16
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 Shares, respectively. During the three and six months ended June 30, 2024, we did not repurchase any of our Ordinary Shares. All repurchased shares were subsequently cancelled.WarrantsThe tranche 1 warrants (the “Tranche 1 Warrants”) are exercisable for one Ordinary Share per warrant at an exercise price of $19.27 per warrant, the tranche 2 warrants (the “Tranche 2 Warrants”) are exercisable for one Ordinary Share per warrant at an exercise price of $23.13 per warrant, and the tranche 3 warrants (the “Tranche 3 Warrants”) are exercisable for one Ordinary Share per warrant at an exercise price of $124.40 per warrant.

Note 5 — Property and EquipmentProperty and equipment, at cost, for Noble consisted of the following:June 30, 2025December 31, 2024Drilling equipment and facilities$6,787,350 $6,650,034 Construction in progress136,933 197,789 Other75,004 56,908 Property and equipment, at cost$6,999,287 $6,904,731 Capital additions, including capitalized interest, during the three months ended June 30, 2025 and 2024, totaled $115.0 million and $151.7 million, respectively, and during the six months ended June 30, 2025 and 2024, totaled $204.3 million and $266.6 million, respectively.During the second quarter of 2025, we sold the Pacific Scirocco for total proceeds of $15.6 million, resulting in a gain of $4.8 million.

11

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)

As of June 30, 2025, the rigs Noble Highlander and Pacific Meltem qualified as held for sale and were included in “Other assets” on our Consolidated Balance Sheet at their carrying values of $60.0 million and $21.0 million, respectively.

Note 6 — DebtAmended and Restated Senior Secured Revolving Credit AgreementIn April 2023, Noble entered into the Amended and Restated Senior Secured Revolving Credit Agreement, dated April 18