•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Paragon Offshore arranges debt financing for spin-off from Noble

    Noble Corp.

    Noble Corp. (NYSE:NE) reports that Paragon Offshore Ltd., its wholly owned subsidiary, is beginning the process of raising external financing in preparation for the spin-off of Paragon Offshore in the third quarter of 2014. 

    The external financing is expected to consist of a senior secured term loan B of approximately $550 million and approximately $1.2 billion of senior unsecured notes. 

    As part of the external financing, Paragon also entered into an $800 million senior secured revolving credit facility due 2019 with various commercial and investment banks on June 17.

    Related Articles

    OPSB secures financing to develop Ophir project offshore Terengganu

    07/24/2014

    Octanex NL reports that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.

    Regency prices upsized public offering of $700M of senior notes

    07/23/2014 Regency Energy Partners LP reports the pricing of its upsized public offering of $700 million in aggregate principal amount of 5.00% senior notes due 2022 at a price to the public of 99.1...

    ENXP closes acquisition, convertible notes offering, and senior secured term loan

    07/23/2014 Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings...

    Furie receives $160M commitment from Energy Capital Partners

    07/21/2014

    Furie Operating Alaska LLC, an independent oil and gas company, reports the completion of a $160 million investment commitment from Energy Capital Partners Mezzanine Opportunities Fund.

    Industry Briefs

    07/18/2014

    More Oil & Gas Financial Articles

    OPSB secures financing to develop Ophir project offshore Terengganu

    Thu, Jul 24, 2014

    Octanex NL reports that limited recourse project finance has been secured for the development of the Ophir field, offshore Terengganu, Malaysia.

    Regency prices upsized public offering of $700M of senior notes

    Wed, Jul 23, 2014

    Regency Energy Partners LP reports the pricing of its upsized public offering of $700 million in aggregate principal amount of 5.00% senior notes due 2022 at a price to the public of 99.158% of their face value. 

    ENXP closes acquisition, convertible notes offering, and senior secured term loan

    Wed, Jul 23, 2014

    Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings of its offering of $375 million in aggregate principal amount of convertible subordinated notes due 2019 in a private placement transaction, and a new $775 million senior secured term loan.

    Furie receives $160M commitment from Energy Capital Partners

    Mon, Jul 21, 2014

    Furie Operating Alaska LLC, an independent oil and gas company, reports the completion of a $160 million investment commitment from Energy Capital Partners Mezzanine Opportunities Fund.

    Industry Briefs

    Fri, Jul 18, 2014

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ