Noble Group signs refinanced trade revolver

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04 August 2010

Noble Group has signed a refinancing to amend an existing guarantee facility and support the issue of standby letters of credit and other operational instruments.

Hong Kong-based Noble Group has signed the refinancing of its latest trade revolver (Trade Finance, 12/07/10) – an amendment of an $800 million working capital guarantee facility originally signed in May 2009.

The original deal was signed through mandated lead arrangers ING Bank, Royal Bank of Scotland, Societe Generale and Standard Chartered Bank (Trade Finance, 02/06/10). That facility was itself extended and upsized from an existing $700 million revolving standby letter of credit and guarantee facility.

The new facility is...

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