Noble Corporation Reports Fourth Quarter And Full Year 2020 Results
- Completed financial restructuring on February 5, 2021
- Achieved zero lost-time incidents during 2020 and set several company safety records during the year
- Contract backlog over $1.6 billion at the end of 2020
- Fourth quarter results include a non-cash, before-tax charge of $2.8 billion relating to the impairment of certain rigs and related capital spares
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SUGAR LAND, Texas, March 11, 2021 /PRNewswire/ Noble Corporation ( Noble or the Company ), as the successor entity for Noble Holding Corporation plc ( Legacy Noble ), today reported fourth quarter and full year 2020 results.
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On December 16, 2020, In-Shape Holdings, LLC and two affiliated
debtors (together, the Debtors or In-Shape )
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code. In-Shape Holdings, LLC is a health club
operator in Stockton, CA.
The company reports $50 to $100 million in assets and more than
$100 million in liabilities, including a first-lien revolving
credit agreement of up to $17 million and $53 million in term
loans.
In-Shape entered into an asset purchase agreement to sell
substantially all of the Debtors assets with an existing
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Starting on October 14, 2020, NSC Wholesale Liquidating Trust
( NSC Trust ), the liquidation trust appointed by the by
the United States Bankruptcy Court for the District of Delaware to
prosecute claims on behalf of the NSC estate, filed approximately
62 complaints seeking the avoidance and recovery of allegedly
preferential and/or fraudulent transfers under Sections 547, 548
and and 550 of the Bankruptcy Code.
By way of background, on October 24, 2018, NSC Wholesale
Holdings, LLC and various of its subsidiaries filed voluntary
petitions in the Delaware Bankruptcy Court. The Debtors continue to
PET recycler files for bankruptcy protection wastetodaymagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wastetodaymagazine.com Daily Mail and Mail on Sunday newspapers.