Noble gets in early to extend and enlarge loans due 2010

Noble Group, the Singapore-listed trading company, has hired nine banks to extend an existing credit facility and enlarge it from $1.2bn to $1.8bn, turning to the loan market for its second extension of the year as it looks to minimise refinancing risks.

  • 26 Aug 2009
Noble is looking to amend the terms of the $1.2bn three year revolver it signed in July 2007. If the amendment is approved, the loan will be split equally into two and three year tranches that will mature in 2011 and 2012, while a one year $600m tranche ...

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