Noble launches US$2.25b revolving loan facility

Noble Group on Wednesday launched a US$2.25 billion committed unsecured revolving loan facility.

Among the banks appointed as bookrunners are ANZ, Citigroup Global Markets, Commonwealth Bank, DBS, Goldman Sachs, HSBC, UOB, Societe Generale and Standard Chartered (Hong Kong).

Funds borrowed under this facility will go towards refinancing existing debt and general corporate purposes, Noble said.

In a separate announcement, Orbis Investment Management said that it has become a substantial shareholder of Noble after it bought 1.4 million shares at S$0.9282. It now holds 5 per cent of Noble's shares in deemed interest.