Noble Energy prepays $850 million of term loans, may refinance debt

By Susanna Moon

Chicago, Nov. 2 – Noble Energy, Inc. prepaid $850 million of term loans on Tuesday using cash on hand, according to a 10-Q filing with the Securities and Exchange Commission.

The company obtained the $1.4 billion three-year term loan on Jan. 6, 2016, with proceeds used to tender for some senior notes assumed in the company’s Rosetta merger.

The company said it has no near-term debt maturities, but that it may seek capital funding to refinance some of its debt.

As of Sept. 30, the company recorded $7.5 billion of long-term debt, $2.4 billion of which is due in the first quarter of 2019.

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

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