HOUSTON, Feb. 26, 2015 /PRNewswire/ -- Noble Energy,
Inc. (NYSE:NBL) announced today that it has priced a public
offering of 21,000,000 shares of its common stock at a price to the
public of $47.50 per share. 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. The Company has also granted the
underwriters an option to purchase up to an additional 3,150,000
shares of its common stock. The offering is expected to close on
March 3, 2015, subject to customary
closing conditions.
Goldman, Sachs & Co. and J.P. Morgan are acting as joint
book-running managers for the offering. The offering will be made
only by means of a preliminary prospectus supplement and the
accompanying base prospectus, copies of which may be obtained on
the Securities and Exchange Commission's website at www.sec.gov.
Alternatively, the underwriters will arrange to send you the
preliminary prospectus supplement and related base prospectus if
you request them by contacting: Goldman, Sachs & Co., 200 West
Street, New York, NY 10282,
Attention: Prospectus Department, by calling (866) 471-2526, or by
emailing prospectus-ny@ny.email.gs.com; or J.P. Morgan, via
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York, 11717, by
calling: (866) 803-9204, or by emailing
prospectus-eq_fi@jpmchase.com.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities, nor shall there be
any sale of any such securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. A registration statement relating to
the securities has been filed and became effective February 7, 2013.
Noble Energy is a leading independent energy company engaged in
worldwide oil and gas exploration and production. The Company
has core operations onshore in the U.S., primarily in the DJ Basin
and Marcellus Shale, in the
Gulf of Mexico, offshore Eastern
Mediterranean, and offshore West
Africa.
This news release contains certain
"forward-looking statements" within the
meaning of federal securities law. Words such as
"anticipates",
"believes," "expects",
"intends",
"will",
"should",
"may", and similar expressions may be used
to identify forward-looking statements. Forward-looking
statements are not statements of historical fact and reflect Noble
Energy's current views about future events.
They include estimates of oil and natural gas reserves, estimates
of future production, assumptions regarding future oil and natural
gas pricing, planned drilling activity, future results of
operations, projected cash flow and liquidity, business strategy
and other plans and objectives for future operations. No
assurances can be given that the forward-looking statements
contained in this news release will occur as projected and actual
results may differ materially from those projected.
Forward-looking statements are based on current expectations,
estimates and assumptions that involve a number of risks and
uncertainties that could cause actual results to differ materially
from those projected. These risks include, without
limitation, the volatility in commodity prices for crude oil and
natural gas, the presence or recoverability of estimated reserves,
the ability to replace reserves, environmental risks, drilling and
operating risks, exploration and development risks, competition,
government regulation or other actions, the ability of management
to execute its plans to meet its goals and other risks inherent in
Noble Energy's business that are discussed in its
most recent annual report on Form 10-K and in other reports on file
with the Securities and Exchange Commission. Forward-looking
statements are based on the estimates and opinions of management at
the time the statements are made. Noble Energy does not
assume any obligation to update forward-looking statements should
circumstances, management's estimates, or opinions
change.
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SOURCE Noble Energy