Noble gets US$100m trade financing to expand trading activities in LNG industry

Singapore

NOBLE Group has secured a binding commitment for US$100 million of trade financing from a consortium of existing shareholders, the commodity trader announced before the market opened on Friday.

The consortium comprises Value Partners, Pinpoint Asset Management and other shareholders with a combined equity interest of 5 per cent, and they have irrevocably agreed to vote in favour of Noble Group's restructuring plan.