Noble Group to hand control to creditors following $3.5b debt restructuring

Noble Group to hand control to creditors following $3.5b debt restructuring

Noble Group Ltd. booklets sit on a table before a news conference during an investor day in Singapore, on Monday, Aug. 17, 2015. Photographer: Nicky Loh/Bloomberg

Noble Group Ltd. reached an in-principle deal to restructure $3.5 billion in debt, saving the troubled commodity trader from bankruptcy at the cost of handing control to creditors and all but wiping out current shareholders.

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