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Noble Group Secures $2.25B Loan

Noble Group has secured a syndication of committed unsecured revolving credit facility worth $2.25 billion.

Noble Group has secured a syndication of committed unsecured revolving credit facility worth $2.25 billion. The loan includes a $675 million equivalent 364-day and a $1.57 billion three-year committed unsecured revolving loan facility.

The Hong Kong-based commodities trading/supply chain manager aims to use all amounts borrowed under the facilities to refinance some of its existing debt and for general corporate purposes. It has appointed ABN Amro Bank, Banco do Brasil, Bank of America, Bank of Tokyo-Mitsubishi UFJ, Citigroup Global Markets Asia, Commerzbank, RBS, Société Générale Corporate & Investment Banking and Standard Chartered Bank(Hong Kong) as its book-running mandated lead arrangers.

Click here for the release from Noble Group.

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