The BBF allows for the issuance of trade finance instruments such as letters of credit, as well as for loans.
Concurrently, Noble closed on a $1 billion unsecured 364-day revolving loan facility (RCF). A syndicate of 24 banks supported the transaction. The mandated lead arrangers and bookrunners were The Bank of Tokyo-Mitsubishi UFJ, Commonwealth Bank of Australia, Rabobank, DBS, The Hongkong and Shanghai Banking Corporation, ING, Société Générale and United Overseas Bank. ING is acting as agent for the RCF.
Noble Group manages a portfolio of global supply chains covering a range of industrial and energy products.