Jack Farchy
Stories by Jack Farchy
Noble Group founder Richard Elman pushing for new restructuring deal
Elman is pushing for a better deal for himself and others days after the Singapore’s stock market regulator criticized the restructuring plan.
Noble Group’s restructuring likely to cost more than $100m
The estimated price tag for advisers and other expenses, based on regulatory filings, is approaching the company’s entire market value of $114 milli
Noble races to reach deal with creditors ahead of March 20 deadline
The company said it was "very close" to reaching final terms on a restructuring deal with a so-called ad hoc group of largely hedge fund creditors.
Noble Group to hand control to creditors following $3.5b debt restructuring
The creditors, including Och-Ziff Capital Management, Davidson Kempner Capital Management and Taconic Capital Advisors, will control 70% of the new co
Noble said to move toward debt-for-equity restructuring to secure survival
Although a deal remains some way off, the new direction is a departure from Noble’s original proposal, which involved exchanging current debt, inclu
Noble Group has a $3b debt pile to tackle next
The sale of its oil business to Vitol Group probably buys the embattled commodity trader time.
Singapore: Noble Group sells US oil unit to Vitol for $582m
The commodity trader warned it will probably post a net loss of more than $1 billion for Q3.
Singapore: Noble Group seeks buyers for gas and power business
Once Asia’s largest commodity trader, it is battling for its future after revealing a surprise quarterly loss.
