22.10.2017 09:59:13

Noble Corp. Reportedly Close To Selling Americas-focused Oil Business To Vitol

(RTTNews) - Noble Group (NE) is close to selling its Americas-focused oil business to rival Vitol, reports said citing people familiar with the matter.

Executives from Vitol and Noble were hammering out the final terms of the sale in Houston late into the night on Thursday, the report said. However, no agreement had been reached and the deal could still fall apart or be delayed.

Noble must repay $1.5 billion of bonds and banks loans by May 2018. It is seeking a covenant waiver on a $2 billion credit facility that is due to expire this week.

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