By Anshuman Daga
![Noble Group clinches restructuring deal with group of creditors](https://s.yimg.com/ea/img/-/180315/5aa91ed09581b_630x403_2018_03_14t130220z_4_lynxnpee2d05p_rtroptp_2_noble_group_results_5aa91ed06afb5.jpg)
Noble Group clinches restructuring deal with group of creditors
SINGAPORE (Reuters) – Commodities merchant Noble Group <NOBG.SI> has finalised 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.
Hong Kong-headquartered Noble, once Asia’s biggest commodity trader with ambitions to take on global giants such as Glencore <…
Read the full article at: https://au.news.yahoo.com/a/39509176/noble-group-clinches-key-restructuring-deal-with-group-of-creditors/