News Releases

Baker Botts Represents Noble Corporation in Divestment of Four Jackup Rigs in Saudi Arabia

Release

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:

 

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Baker Botts is an international law firm of more than 700 lawyers practicing throughout a network of 13 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.

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