Monthly Archives: April 2016

QUESTIONS TO NOBLE‚ÄôS MANAGEMENT AHEAD OF ITS APRIL 14TH AGM

1) The new unsecured revolving credit facility is offered at a very high 350 bps all-in. Banks have dramatically reassessed the counterparty risk of Noble after the company finally started to face the reality, recognized long overdue impairments and booked a loss of $1.7b as a result. The commodity industry is a low margin business. […]