Hong Kong-Noble Group Ltd. reports that it has renewed, extended, and upsized its existing US$700 million revolving letter of credit and guarantee facility. The syndication provides Noble with additional credit capacity and further extends the facility’s maturity. The facility was oversubscribed and increased to $800 million to satisfy new participant demand. The tenor of the committed facility is two years. The size of the facility is $800 million for the first year and $770 million for the second year.
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