Syndication has closed on a US$1.2bn revolving credit facility, with a 20% oversubscription, for Noble Group.


The facility carries a tenor of three years and will be used to refinance an existing US$500mn revolving loan facility as well as general corporate purposes.


Originally the facility was launched at US$1bn, and it attracted a significant number of banks. Mandated lead arrangers on the deal are ABN Amro, ANZ Investment Bank, Fortis Bank, ING Bank, Royal Bank of Scotland, Soci&eaute;té Générale and Standard Chartered Bank.
They were joined by three other banks as coordinating banks: Dresdner Bank, Mizuho Corporate Bank and Bank of Tokyo-Mitsubishi.  A further 24 banks joined the facility in general syndication.
Joining as lead arrangers are Commonwealth Bank of Australia, Bank of Nova Scotia and Lloyds TSB Bank. Arrangers are United Overseas Bank, Malayan Banking Berhad, CITC Ka Wah Bank, Credit Agricole (Suisse), Commerzbank, and Commercial Bank of China.

Co-arrangers are Bank of Communications, First Commercial Bank, Nanyang Commercial Bank, Credit Suisse, BHF-Bank, Chang Hwa Commercial Bank Ltd, HSH Nordbank, Intesa Sanpaolo, KBC Bank, Kookmin Bank, Natixis, Rabobank International, Taiwan Business Bank, WestLB, Banca Monte Dei Paschi Di Siena.