Noble Group says it has completed a US$1.1 billion ($1.52 billion) revolving borrowing base facility, which will be utilised by its subsidiaries, Noble Americas Corp and Noble Petro Inc, to fund their business growth.
The borrowing facility will allow for working capital loans, the issuance of trade finance instruments, and advances and letters of credit.
The facility is supported by six key banks led by The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Societe Generale as Joint Lead Arrangers and Joint Bookrunners, and was increased from its initial US$450 million to the final US$1.1 billion.
Noble last traded at 50.5 cents on Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
The borrowing facility will allow for working capital loans, the issuance of trade finance instruments, and advances and letters of credit.
The facility is supported by six key banks led by The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Societe Generale as Joint Lead Arrangers and Joint Bookrunners, and was increased from its initial US$450 million to the final US$1.1 billion.
Noble last traded at 50.5 cents on Friday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment