Noble Energy Prices Offerings of Senior Notes

Shares of Noble Energy were barely lower Wednesday after the company said it priced an offering of $600 million of $3.85% senior notes due 2028 and $500 million of 4.95% senior notes due 2047. The 2028 and 2047 notes were priced at 99.688% and 99.643% of the principal amounts, respectively.

Noble Energy said it plans to use the net proceeds together with cash on hand or available liquidity to purchase or redeem any or all of its outstanding $1 billion of 8.25% senior notes.

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