The cost of Noble's restructuring is likely to top USD 100 million

Noble Group's large-scale restructuring could amount to more than USD 100 million, marking another significant cost item for the struggling commodities trader.

Photo: /ritzau/AP/Wong Maye/

The cost of Noble Group Ltd.'s restructuring is likely to top USD 100 million, another financial burden for the cash-strapped commodities trader that has defaulted on its bonds.

The estimated price tag for advisers and other expenses, based on disclosures in regulatory filings, is approaching the company's entire market value of USD 114 million as Noble pays fees to the company's creditors and foots much of the bill for the 11 law firms, investment banks and public relations consultants working on the restructuring.

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