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Noble completes US$1 bil revolving borrowing facility

PC Lee Published on Mon, Feb 20, 2017 / 8:17 AM GMT+8

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SINGAPORE (Feb 20): Noble Group reported it has completed a US$1 billion ($1.4 billion) revolving borrowing base facility, which will be used by wholly owned subsidiary Noble Clean Fuels to support their business requirements.

The facility allows for working capital loans as well as the issuance of trade finance instruments, and is available for advances and letters of credit.

The facility is supported by six banks led by Societe Generale and ING Bank NV as facility and security agents respectively.

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