SINGAPORE - Mainboard-listed Noble Group announced on Tuesday the closing of its syndicated committed unsecured revolving loan facilities with a total size of US$2.3 billion. The company said the transaction was well supported by banks globally with 35 banks participating.
The facilities comprise a 364 day revolving credit facility and a 3 year revolving credit facility, priced at 85 basis points margin and 95bps margin, respectively. The 3 year revolving credit facility incorporates a utilization fee structure depending on amounts drawn.
Noble said it will utilize all amounts borrowed under the facility for the refinancing of certain of its existing debt and for its general corporate purposes.
The bookrunner mandated lead arrangers were Australia and New Zealand Banking Group Ltd, Bank of America, The Bank of Tokyo Mitsubishi UFJ Ltd., Citigroup Global Markets Asia Limited (lending through its affiliate, Citibank, Hong Kong branch), Commonwealth Bank of Australia, Coöperatieve Centrale Raiffeisen- Boerenleenbank (Singapore Branch), DBS Bank, Goldman Sachs (Asia), The Hongkong and Shanghai Banking Corporation, Intesa Sanpaolo S.p.A. (Hong Kong branch), JPMorgan Chase Bank (Hong Kong branch), National Bank of Abu Dhabi (Hong Kong branch), Société Générale, Standard Chartered Bank (Hong Kong) Ltd and United Overseas Bank Ltd.