Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 19

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 1
Chunk 19
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 30, 2025 and 2024, totaled $134.7 million and $107.7 million, respectively, and during the nine months ended September 30, 2025 and 2024, totaled $339.0 million and $374.3 million, respectively.During the third quarter of 2025, we sold the Noble Highlander and the Pacific Meltem for net proceeds of $87.5 million, resulting in a gain of $5.6 million.In August 2025, we announced our intent to dispose of the rigs Noble Globetrotter II and Noble Reacher. As of September 30, 2025, the Noble Globetrotter II and Noble Reacher qualified as held for sale and were included in “Other assets” on our Consolidated Balance Sheet at their combined carrying value of $54.0 million after a recognized aggregate non-cash impairment charge of $60.7 million.We measured the impairment of the rigs and related assets as the amount by which the carrying amount exceeded the estimated fair value less costs to sell. We estimated the fair value of the assets using significant other observable inputs, representative of Level 2 fair value measurements, including binding contracts or indicative market values for the sale of rigs and related assets for use outside of the drilling industry.

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, 2023, and as amended on June 24, 2024 (the “2023 Revolving Credit Agreement”), by and among Noble Finance II LLC 

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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)

(“Noble Finance II”), Noble International Finance Company, Noble Drilling A/S, and certain additional subsidiaries of Noble Finance II as from time to time designated by Noble Finance II, as borrowers, the lenders and issuing banks party thereto from time to time, and JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, and security trustee. The revolving credit facility under the 2023 Revolving Credit Agreement (the “2023 Revolving Credit Facility”) provides for commitments of $550.0 million with maturity in 202