Noble Group seeks $2.5 billion in borrowing base facility: Bloomberg

March 8, 2016 6:52 PM

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Noble Group seeks $2.5 billion in borrowing base facility: Bloomberg

Singapore-listed commodity trader Noble Group Ltd (NOBG.SI) is seeking $2.5 billion in a borrowing base facility guaranteed by oil, Bloomberg reported citing people familiar with the deal.

The borrowing base facility can potentially be increased to $3.25 billion if commodity prices rise over the next year, according to the report.

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