debt restructuring

(Sept 5): In May 2017, Paul Brough had just assumed the chairmanship of Noble Group and immediately faced a room full of angry bankers demanding their money back from the struggling commodity trader.

(Aug 28): Noble Group’s foes aren’t going away. Less than 24 hours after the commodity trader won shareholder approval for its US$3.5 billion ($4.77 billion) debt-for-equity deal, long-standing critic Michael Dee said the revamped company will struggl

(June 20): Embattled commodity trader Noble Group reached a deal with dissident shareholder Goldilocks Investment Co. over its planned US$3.5 billion ($4.7 billion) debt restructuring, agreeing to boost the holding in the new company that stock investors

SINGAPORE (May 24): Hyflux says it has decided not to go through with a project to develop three desalination plants in Saudi Arabia as a capital injection is now required, in view of its recent financial woes.  

SINGAPORE (Apr 30): Noble Group said it soon plans to set the date for a special general meeting that will decide the commodity trader’s controversial restructuring after the Singapore High Court blocked it from holding an annual meeting at the behest o

NEW YORK (Apr 27): GNC Holdings Inc. said it will close 200 stores this year as the vitamin retail company cuts costs and grapples with more than US$1 billion ($1.3 billion) in debt.

SINGAPORE (Apr 6): Goldilocks Investment Company, which owns an 8.1% stake in commodities trader Noble Group, says the latter’s currently proposed debt restructuring plan is “doomed to fail” unless it is redesigned to address a number of “serious

SINGAPORE (Mar 19): Noble Group is racing against time to garner enough votes for a debt restructuring plan after its decision not to pay a US$379 million ($500 million) bond due Tuesday sets it on course for its first note default.

SINGAPORE (Mar 18): Noble Group said it will miss interest and principal payments due this month on two separate bonds, putting it on course for an event of default on its debt after a long-running crisis that has left the commodity trader fighting for it

SINGAPORE (Mar 12): Embattled commodities trader Noble Group has opted not to pay the coupon on a US$750 million ($986 million) bond, but said on Monday that it was "very close" to reaching final terms with a group of senior creditors over a propo