Noble Group braves stormy conditions for $1bn refi

By Shruti Chaturvedi
07 Apr 2016

Hong Kong-based commodities trader Noble Group is back in the market for a $1bn loan to refinance outstanding debt. But the company is paying up dearly for the fundraising as it battles scepticism around its sector and the state of its financials. Shruti Chaturvedi reports.

Noble is looking to refinance a $1.15bn revolver it raised last year, along with other outstanding debt, and has launched the new financing into syndication. But the deal comes at a particularly tough time for the company, which was hit by two ratings downgrades from Moody’s in ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial