Noble to defer coupon payment, confirms US$2b credit extension
Independent non-executive director to become special adviser to chairman
Singapore
NOBLE Group on Tuesday said it will be deferring coupon payment on its perpetual bonds due a week later, as it confirmed news reports that it had extended its US$2 billion credit facility by four months.
The struggling commodity trader also said that Peter James O'Donnell, appointed as an independent non-executive director in May, will step down from the role to take on an executive role as special adviser to the chairman on corporate strategy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama