Noble Energy to repay $1.05 billion revolver via note offering proceeds

By Tali Rackner

Norfolk, Va., Nov. 4 – Noble Energy, Inc. plans to repay the $1.05 billion of debt outstanding under its revolving credit facility maturing on Oct. 3, 2018 with the proceeds from a new notes offering, according to a 424B5 filing with the Securities and Exchange Commission.

Remaining proceeds will be used for general corporate purposes.

Debt under the revolving credit facility was used to fund a portion of the company’s capital investment program.

Noble Energy is a Houston-based oil and natural gas exploration and production company.

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