Deal Description: On August 25th, 2021, Noble Finance Company and certain subsidiaries of Noble Corporation (“Noble”) (NYSE: NE) entered into a definitive agreement to sell four jackup drilling rigs operated in Saudi Arabia to ADES International Holding Ltd. for a purchase price of US$292,415,000 in cash, subject to adjustment as provided in the definitive agreement. The transaction is expected to close during the fourth quarter of 2021 and is subject to the parties satisfying customary closing conditions.
Baker Botts L.L.P. represented Noble in the transaction.
Baker Botts Lawyers/Offices Involved:
- Corporate: David Emmons (Partner, Dallas); Josh Gonzales (Associate, Houston); Michael Mazidi (Associate, Houston); Sian Williams (Partner, London); Shadi Haroon (Partner, Riyadh)
- Tax: Derek Green (Partner, Houston)
- Antitrust: Paul Lugard (Partner, Brussels); Roxane Tonnelier (Associate, Brussels); Rakan Alyusuf (Associate, Riyadh)
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.