FILE
PHOTO: Company logo of Noble Group at headquarters in Hong
Kong
Thomson
Reuters

By Anshuman Daga

SINGAPORE (Reuters) – Commodities trader Noble Group has
finalized a restructuring agreement with a group of senior
creditors holding 46 percent of its debt, and is in talks with
others, as it races to launch a deal crucial to its survival.

The embattled firm has been negotiating a $3.4 billion
debt-for-equity swap for months, after selling billions of
dollars of assets, taking hefty writedowns and cutting hundreds
of jobs over the past three years.

Noble’s Restructuring Support Agreement (RSA) has been signed by
creditors known as th…

Read the full article at: http://uk.businessinsider.com/r-noble-group-clinches-key-restructuring-deal-with-group-of-creditors-2018-3