The completion of the restructuring allows the company to move forward under its new holding company, Noble Group Holdings Limited, and focus on its customers and suppliers with a fully restructured balance sheet and committed trade and hedging facilities of USD 800 million.
Additionally, the company is able to carry forward its business plan and build value for all its stakeholders.
“Today’s announcement marks a significant milestone for the company. It has been a long, and at times difficult, journey,” Paul Brough, Chairman, said.
“Between the new USD 800 million Trade Finance and Hedging Facilities and a substantial deleveraging of the balance sheet, New Noble is well positioned to play a leading role in the Asian hard commodities business going forward,” Joseph Swanson, Senior Managing Director at Houlihan Lokey, added.
Press Releases: Noble Group