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Noble Group's loan deadline looms amid restructuring talks

Commodity trader Noble Group faces a key deadline Wednesday that could complicate its talks with creditors to settle a USD 3.5 billion debt restructuring.

Photo: Noble Chartering

Noble Group Ltd., the embattled commodities trader, faces a key deadline on Wednesday that could complicate its negotiations with creditors as it wrestles with a USD 3.5 billion debt restructuring.

Lenders had agreed to waive certain rights under terms Noble Group committed to for its USD 1.1 billion revolving credit facility until Dec. 20. The company is talking to creditors about a restructuring that includes a debt-for-equity swap, according to people familiar with the negotiations. The big question is whether lenders will agree to extend the waiver.

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