Noble Americas Corp., Noble Petro Inc., and Noble Americas Gas & Power Corp., $2 Billion Asset-Based Revolving Credit Facility
Davis Polk advised Noble Americas Corp., Noble Petro Inc., and Noble Americas Gas & Power Corp. in connection with their $2 billion asset-based revolving credit facility. Loans and letters of credit issued under the facility will be used by Noble Americas Corp., Noble Petro Inc., and Noble Americas Gas & Power Corp. to fund their U.S. business requirements. The Bank of Tokyo-Mitsubishi UFJ, Ltd. acted as administrative agent for the facility.
Noble Americas Corp., Noble Petro Inc., and Noble Americas Gas & Power Corp. are part of the Noble Group, a Hong Kong-based global supply chain manager of industrial and energy products.
The Davis Polk financing team included partners Joseph P. Hadley and Meyer C. Dworkin and associates Andrei Takhteyev, Michael Fan and Brittany Buhler. Counsel Jeanine P. McGuinness advised on various regulatory matters. Counsel Craig A. Phillips advised on various tax matters. Counsel David A. Zilberberg advised on various environmental matters. Partner Pritesh P. Shah advised on various intellectual property and technology matters. Members of the Davis Polk team are based in the New York and Washington DC offices.