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Noble creditors agree to debt lifeline - source

Reuters  |  HONG KONG 

HONG KONG (Reuters) - Creditors of commodity trader Noble Group Ltd have agreed to push back a key repayment deadline by four months, a source familiar with the matter said on Friday, providing a lifeline for the embattled group.The Singapore-listed company, battered by concerns over its financial strength in recent weeks, has been in negotiations with banks over a $2-billion credit facility, secured on its inventories and working capital. The facility is due to be rolled over by the end of next week.The expiry of the credit line has been extended until October. In exchange, creditors have ...

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First Published: Fri, June 16 2017. 16:39 IST