Noble Energy Inc. (NYSE: NBL) announced Feb. 26 it has priced a public offering of 21 million shares of its common stock at $47.50 per share.
Proceeds will be used to repay all outstanding borrowings under its credit facility and for general corporate purposes.
The Houston company has also granted the underwriters an option to purchase up to about 3.2 million additional shares.
Goldman, Sachs & Co. and J.P. Morgan are joint book-running managers. The offering is expected to close on March 3.
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