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Noble shares gain some ground after credit facility extended

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - Shares in Singapore-listed commodity trader Noble Group had some respite on Monday, climbing 9 percent after a source familiar with the matter said its creditors have agreed to push back a key repayment deadline by four months.Battered by concerns over its financial strength in recent weeks, the firm has been in negotiations with banks over a $2 billion credit facility, which is due to be rolled over by the end of this week.The expiry of the credit line has been extended until October, the source said on Friday. In exchange, creditors have asked Noble to find a strategic ...

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First Published: Mon, June 19 2017. 09:28 IST