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Embattled Noble faces key financing test after share-price slump
A US$2b one-year credit facility is due for rollover by end-June
Add BT as a preferred sourcePublished Thu, May 18, 2017 · 09:50 PM
Singapore
SINGAPORE-LISTED Noble Group faces a key financing test over the next few weeks as it negotiates a rollover of credit facilities against the backdrop of a surprise quarterly loss that pummelled market confidence in the commodity trader.
A US$2 billion credit facility, secured on its inventories and working capital, is due to be rolled over by the end of June.
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