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Noble completes US$1b revolving borrowing base facility

Monday, February 20, 2017 - 07:48

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Noble Group Limited on Monday said that it has successfully completed a US$1 billion revolving borrowing base facility, which will be utilised by Noble Clean Fuels Limited, its wholly owned subsidiary, to support their business requirements.

NOBLE Group Limited on Monday said that it has successfully completed a US$1 billion revolving borrowing base facility, which will be utilised by Noble Clean Fuels Limited, its wholly owned subsidiary, to support their business requirements.

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

It was supported by six banks led by Société Générale and ING Bank NV as facility and security agents respectively.

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