Noble Energy Announces Common Stock Offering
Noble Energy, Inc. (NYSE:NBL) announced that it intends to commence a registered public offering of 21,000,000 shares of common stock, subject to market conditions. The Company also expects to grant the underwriters an option to purchase up to 3,150,000 additional shares of stock. Net proceeds from the offering are expected to be used to repay all outstanding borrowings under the Company’s credit facility and for general corporate purposes.
Goldman, Sachs & Co. and J.P. Morgan are acting as joint book-running managers for the offering.