Noble Group Limited wishes to announce that, pursuant to the terms of the indenture dated 17 March 2005 in respect of the US$700,000,000 6.625% Senior Notes due 2015 (“Notes”) and its exercise of the optional redemption provisions therein, it has completed the redemption of all of the outstanding Notes on 28 June 2011.
“The redemption of these Notes reiterates our focus on and proactive management of our capital structure.” said Robert van der Zalm, CFO of Noble Group.
Before the above redemption, there was US$191,859,000 aggregate principal amount of the Notes outstanding. The total interest cost saving for Noble Group resulting from the early redemption of the Notes is estimated to be around US$17.6 million.
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