Lenders back Noble despite Muddy Waters attack

Commodities trader Noble Group, under attack for the second time this year, finds support from lenders who brush aside allegations to back a $2.25 billion loan facility.

Lenders back Noble despite Muddy Waters attack

Commodities trader Noble Group, founded by British businessman Richard Elman, came under fresh attack from short-seller Muddy Waters last week, but relationship lenders showed their support by extending the commodities trader a $2.25 billion loan.

A group of 15 banks last week launched syndication on the $2.25 billion revolving loan facility. The banks were ANZ, Bank of America Merrill Lynch, Bank of Tokyo Mitsubishi, Citi, Commonwealth Bank of Australia, Rabobank, DBS, Goldman...

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