Filing Details

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.  20549

Noble Corporation

Ordinary Shares, par value $0.01 per share

G65431101

December 31, 2021

CUSIP No. G65431101

13G

1	NAMES OF REPORTING PERSONS
	King Street Capital Management, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☒
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
			0
		6	SHARED VOTING POWER
			4,286,905 (1)
		7	SOLE DISPOSITIVE POWER
			0
		8	SHARED DISPOSITIVE POWER
			4,286,905 (1)
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	4,286,905 (1)
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	7.12% (2)
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IA

(1)	Consists of (i) 2,121,295 shares of Issuer’s Ordinary Shares, and (ii) 2,165,610 of Issuer’s Ordinary Shares issuable upon exercise of warrants of the Issuer.
(2)	Based upon 60,172,178 shares of Ordinary Shares reported to be outstanding as of September 30, 2021 as disclosed in the Issuer’s Form 10-Q filed with SEC on November 5, 2021.

(a)

☐

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

☐

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

☐

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

☐

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e)

⌧

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

 

 

 

 

 

KSCM. KSCM is a registered investment advisor. As of December 31, 2021, KSCM may be deemed to have beneficially owned, and to share voting and dispositive power over, a total of 4,286,905 shares of Ordinary Shares, consisting of (i) 2,121,295 shares of Issuer’s ordinary stock, and (ii) 2,165,610 shares of Issuer’s ordinary stock issuable upon exercise of warrants of the Issuer, and representing 7.12% of the total outstanding Ordinary Shares.

KSCM GP. KSCM GP is the sole general partner of KSCM. By virtue of its relationship with KSCM, as of December 31, 2021, KSCM GP may be deemed to have beneficially owned, and to share voting and dispositive power over, the 4,286,905 shares of Ordinary Shares that may be deemed to have been beneficially owned by KSCM as of December 31, 2021.

Brian J. Higgins. Mr. Higgins is a managing member of KSCM GP. By virtue of his relationship with KSCM GP, as of December 31, 2021, Mr. Higgins may be deemed to have beneficially owned, and to share voting and dispositive power over, the 4,286,905 shares of Ordinary Shares that may be deemed to have been beneficially owned by KSCM as of December 31, 2021.

Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by any of KSCM, KSCM GP, or Mr. Higgins that it or he is the beneficial owner of any of the shares of Ordinary Shares reported under this Schedule 13G, either for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose.

The share numbers referenced above are as of December 31, 2021. The percentages of the outstanding shares of Ordinary Shares referenced above were calculated based on 60,172,178 Ordinary Shares reported to be outstanding as of September 30, 2021 as disclosed in the Noble Corporation Form 10-Q filed with Securities and Exchange Commission on November 5, 2021.

 

Not Applicable.

Not Applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company

KSCM, a registered investment advisor, is the investment manager of various fund entities. As investment manager, KSCM has sole voting and dispositive power over the Ordinary Shares reported hereunder. KSCM GP is the sole general partner of KSCM and Mr. Higgins is the managing member of KSCM GP.

Not Applicable.

Not Applicable.

By signing below, each of the undersigned certifies that, to the best of its or his knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

EXHIBIT A

The undersigned King Street Capital Management, L.P., King Street Capital Management GP, L.L.C., and Brian J. Higgins hereby agree and acknowledge that the information required by this Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of each of them. The undersigned further agree that any further amendments or supplements thereto shall also be filed on behalf of each of them.

 

Dated:  February 11, 2022