Appleby acts as Cayman Islands counsel to Noble Holding Corporation Plc’s restructuring by way of Chapter 11
Appleby’s Hong Kong office acted as Cayman Islands counsel to an ad hoc group of noteholders who were represented by Kramer Levin Naftalis & Frankel LLP as lead and US counsel, Akin Gump Strauss Hauer & Feld LLP as UK counsel and Ducera Partners LLC as financial advisor.
This transaction resulted in a substantial deleveraging of Noble’s balance sheet, a new capital structure including a USD675 million RCF and USD216 million of second lien notes and involved Noble’s emergence with a new parent company incorporated in the Cayman Islands.
Partner David Bulley led on this transaction, supported by Counsel Melissa Chiu. This multi-jurisdictional transaction was also supported by Senior Associate Rebecca Jack from Appleby’s BVI office and Associate Ann-Alecia Moore from Appleby’s Cayman Islands office.
