Company: NE-WTA
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0001895262-25-000016
Chunk: 67

Company: Noble Corp plc
Filing Date: 2025-10-28
Form: 10-Q
Item: Item 8
Chunk 67
---
 2024, for $5.65 in cash and 0.2316 Ordinary Shares at an exercise price of $29.22 per Diamond Warrant.

Note 5 — Property and EquipmentProperty and equipment, at cost, for Noble consisted of the following:September 30, 2025December 31, 2024Drilling equipment and facilities$6,712,461 $6,650,034 Construction in progress185,718 197,789 Other83,682 56,908 Property and equipment, at cost$6,981,861 $6,904,731 Capital additions, including capitalized interest, during the three months ended September 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 

12

NOBLE CORPORATION plc AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED