Noble signs restructuring deal with senior creditors, slashing debt

Noble signs restructuring deal with senior creditors, slashing debt

FILE PHOTO: The reception of Noble Group is seen at its headquarters in Hong Kong March 23, 2015. REUTERS/Bobby Yip/File Photo

Noble Group Ltd. has signed an agreement with a group of senior creditors on a debt restructuring, marking further progress in a deal that will halve the company’s debt and give creditors control of the embattled commodity trader.

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