It markets physical commodities, including energy solutions, coal, crude oils, freights, fuel oils, iron ores, natural gases, natural gas liquids, petrochemicals, electric power, refined products, upstream energy products, and financial instruments. The company also offers ownership, operations, and development of commodities-related upstream and infrastructure assets.
It supplies its products to utilities and commercial end use customers in the United States and internationally. The buyer is expected to be picked by mid-September to cover debts and reduce credit exposure, sources familiar with the matter said. Potential buyers for the oil business have signed non-disclosure agreements, one of the sources told Reuters. Noble will then take the first two weeks of September to review them," the source said. The Edge added that a spokesman for Mercuria said the company was "looking broadly at opportunities in the marketplace.
Freepoint and Castleton did not immediately respond to requests for comment. The facilities include a committed senior secured working capital facility and a committed unsecured revolving credit facility. A diverse group of 27 banks from 13 countries participated in the facilities, including two new banks.
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