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.