Noble Group said to be asking lenders to extend credit facility

London

NOBLE Group Ltd is asking lenders to extend a key credit facility until the end of the year as the embattled commodity trader seeks breathing room to negotiate its future. The stock extended a plunge to the lowest level in more than 16 years.

The company's core banks have hired law firm Clifford Chance LLP to advise them amid crisis talks over a US$2 billion credit facility that expires this month, according to a person with knowledge of the discussions.