Reuters reported, citing banking sources, global energy firm Noble Group is in the market with a $2.5 billion, one-year borrowing base revolving credit facility that will refinance existing debt due later this year.

Reuters noted the loans that have Noble Americas as borrower include a $1.5 billion committed loan and a $1 billion uncommitted loan, which lenders can refuse to provide.

Reuters said a facility that is being arranged by MUFG was offered to bank investors that will refinance and combine two existing loans including a $1.1 billion letter of credit facility and a $1 billion existing revolver.