Noble Group woos creditors to accept its $3.4b restructuring plan

FILE PHOTO: An employee is reflected on the wall as she walks past a signage of Noble Resources, a Noble Group subsidiary, at their premises in Singapore March 6, 2015. REUTERS/Edgar Su/File Photo

Noble Group Ltd said on Wednesday that creditors holding the majority of its senior debt now accept its $3.4 billion restructuring plan.

The beleaguered commodity trader said support for the deal, seen as critical for the firm’s survival, has risen to 55 percent from 46 percent on March 14.

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