Noble inks debt restructuring agreement

Submitted By:  Danielle Isaac Case Study:  No It will get a new three-year US$600m trade finance and a US$100m hedging facility. Noble got the ad hoc group of senior creditors which now represents 46% of its senior debt to sign a binding restructuring support agreement (RSA). According to an SGX announcement, Deutsche Bank AG has signed the RSA, and ING Bank N.V. is in the process of seeking credit approval in order to accede to the RSA. Together, Deutsche Bank AG and ING Bank N.V. represent a further 4% of the existing senior claims. read more