Seeking Alpha

Greg Herman's  Instablog

Greg Herman
Send Message
Age: 22 Home Residence: Mount Holly, North Carolina Investing Philosophy: Extreme Distress Earnings Plays During Multi-Year Market Bottoms; I could care less about stocks that are 10%, 20%, or even 50% undervalued. I will wait an entire decade for the oppurtunity to buy 10, 20, and even 50... More
  • Noble Corp (NE) - Issuing more bonds to fund future growth... I'm on Board! 0 comments
    Jan 31, 2011 5:43 PM | about stocks: NE

    Noble announced that the company has priced an offering $1.1 Billion of notes. The bonds represent $300 Million worth of 5-year notes, $400 Million worth of 10-year notes, and $400 Million worth of 30 year notes. The weighted average coupon for the entire offering is 4.71%. The reason for doing this is to simply pay down debt for the new joint-Bully venture with Shell and to pay down the revolver. This should not worry investors too much, since the company is doing this in order to provide liquidity during the defacto moratorium. I am still very exicited about the company's future prospects.

    Stocks: NE
Back To Greg Herman's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • Bye Bye Europe haha... You are simply getting what you had coming, I have to thank you though for future incredibe valuations!!!
    Oct 4, 2011
  • Cash is King, even when Bernanke tries to print it all away... Bye Bye Phony stock market...
    Aug 7, 2011
  • How much longer can Wall Street and Main Street not resemble each other...
    Jul 13, 2011
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.