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Noble Group says reaches binding deal on crucial debt restructuring

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - Commodities trader Noble Group said it has finalised a binding agreement with a group of senior creditors holding 46 percent of its debt, and was in talks with others, on a restructuring deal crucial to its survival. Noble said in a statement on Wednesday that its Restructuring Support Agreement (RSA) had been signed by creditors known as the Ad Hoc Group. Noble is also seeking support from its senior creditor, Deutsche Bank, and trade finance provider, ING Bank. The trader said Deutsche Bank had signed the RSA, and ING Bank was in the process of seeking credit approval ...

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First Published: Wed, March 14 2018. 10:03 IST