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Noble Group Ltd. reached an in-principle deal to restructure $3.5 billion in debt, people familiar with the matter said, saving the troubled commodity trader from bankruptcy at the cost of handing control to creditors.
After a three-year crisis marked by massive losses, writedowns and controversial accounting, Noble management, bank creditors, and bondholders rea…
Read the full article at: https://www.bloomberg.com/news/articles/2018-01-29/noble-group-said-to-reach-in-principle-deal-to-restructure-debt