Noble Group (NOBG.SI) is seeking an extension to its US$800 million loan facility completed last year, and could increase it and push for lower pricing, banking sources said today.
Under the terms of the outstanding two-year revolving letter of credit and guarantee facility signed in late May 2009, the global commodities trader has an option to extend the deal’s maturity by a year to 2012 at a reduced size of US$770 million ($1.08 billion).
