Noble Energy talks three-part notes offering for Wednesday pricing

By Aleesia Forni

Virginia Beach, March 11 – Noble Energy Inc. is planning to price a three-part offering of senior notes (Baa3/BBB/) on Wednesday in tranches due 2018, 2025 and 2045, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The sale includes three-year notes talked at 350 basis points to 362.5 bps over Treasuries, 10-year notes talked at 425 bps to 437.5 bps over Treasuries and 30-year bonds talked at 475 bps to 487.5 bps over Treasuries.

Barclays, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC are the joint bookrunners.

The notes are guaranteed by Noble Corp.

Noble Energy plans to transfer proceeds from the offering to Noble Corp., which will use them to repay debt under its revolving credit facilities and commercial paper program, and for general corporate purposes.

The crude oil and natural gas exploration and production company is based in Houston.

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