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SUBSEQUENT EVENTS
12 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
NOTE 18 SUBSEQUENT EVENTS
As previously disclosed in Note 13—Fair Value Measurement of Financial Instruments, we made a $100.0 million cornerstone investment in ADNOC Drilling for 159.7 million shares of ADNOC Drilling (the “Shares”). In October 2024, we sold the Shares for aggregate proceeds of approximately $197.3 million. The Company intends to use the proceeds from the sale of the Shares to fund a portion of the Acquisition.
As previously disclosed in Note 6—Debt, in July 2024 we entered into an unsecured 364-day bridge loan facility in an aggregate principal amount of approximately $2.0 billion with MSSF. On October 15, 2024, the remaining commitments under the Bridge Loan Facility were reduced such that there were no remaining commitments available, and the Bridge Loan Facility was automatically terminated in accordance with its terms. As of September 30, 2024, approximately $1.4 million in commitment fees were deferred and included in Prepaid assets and other, net within the Consolidated Balance Sheet. Upon termination of the facility, the remaining commitment fees of approximately $1.4 million will be recognized in Interest expense during the first fiscal quarter of 2025.