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Noble gets extension on waiver for revolving credit facility
COMMODITIES trader Noble Group on Thursday said it has obtained an extension on a waiver in relation to the financial covenants in its committed unsecured revolving credit facility to May 18, 2018.
This means the facility will come mature on this date.
It continues to be in discussions with its creditors.
"Whilst no assurance can be given as to the outcome of these discussions, the company believes that these are open and constructive, and are moving forward," it said.
"The company's objective in these discussions continues to be: (a) managing the maturity of its borrowings to optimise the use of available cash for the foreseeable future; and (b) treating all stakeholders fairly."