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NOBLE AFFILIATES COMPLETES OFFERING

 ARDMORE, Okla., Oct. 18 /PRNewswire/ -- Noble Affiliates Inc. (NYSE: NBL) today reported that it has priced its previously announced public offerings of $100 million of 7-1/4 percent senior notes Due 2023 at a discount to yield 7.35 percent, and $200 million, not including a 15 percent over-allotment option, of 4-1/4 convertible subordinated notes due 2003. The convertible subordinated notes are convertible into Noble Affiliates common stock at $36.65 per share, or a premium of 24-1/4 percent.
 The company also said The Samuel Roberts Noble Foundation has priced its previously announced secondary offering of 4,500,000 shares of common stock of the company, not including a 15 percent over-allotment option. The stock was priced at $29.50. Noble Affiliates will receive none of the proceeds from the sale of those shares of common stock.
 The company said that, as previously indicated, the net proceeds from the sale of the convertible subordinated notes and the senior notes are being used to refinance the recent acquisition of oil and gas properties and interest from FM Properties Operating Co. for $305 million.
 Noble Affiliates Inc. is an independent energy company with exploration and production operations throughout major basins in the United States, including the Gulf of Mexico, as well as international operations primarily in Canada, Tunisia, Indonesia, and Equatorial Guinea. Its common stock is listed on the NYSE under the symbol "NBL."
 -0- 10/18/93
 /CONTACT: William D. Dickson, Noble Affiliates Inc., 405/223-4110/
 (NBL)


CO: Noble Affiliates Inc ST: Oklahoma IN: OIL SU: OFR

TS -- NY088 -- 3584 10/18/93 16:52 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
Words:267
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